Pricing Supplement No. 82 Dated April 1, 1998
(To Prospectus Supplement dated December 1, 1997
and Prospectus dated November 24, 1997)
Pursuant to Rule 424(b)(3)
Registration Statement No. 333-40447
J.P. Morgan & Co. Incorporated
Medium-Term Notes, Series A
(Fixed Rate Notes)
Principal Amount: $25,000,000
If principal amount is stated in other than
U.S. dollars, equivalent amount in U.S. dollars: N/A
CUSIP: 61687Y CQ8
Trade Date: April 1, 1998
Settlement Date: April 7, 1998
Maturity Date: April 7, 2000
Price to Public (Issue Price): Varying prices relating to
prevailing market prices
Net Proceeds to Issuer: $24,963,250 (99.853%)
Interest Rate (per annum): 5.875%
Interest Payment Date(s): Semi-annually on October 7 and April 7
of each year, commencing October 7, 1998.
Record Date(s): ( ) March 1 and September 1 of each year
(X ) Other: 15 calendar days prior
to the interest payment dates
Day Count Basis: (X) 30/360
( ) Actual/360
Form: (X) Book-Entry Note (DTC)
( ) Certificated Note
Redemption:
( X ) The Notes may not be redeemed prior to stated
maturity.
( ) The Notes may be redeemed prior to maturity.
Optional Redemption Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
Modified Payment Upon Acceleration: N/A
Sinking Fund: None
Right of Payment:
( ) Subordinated (X) Unsubordinated
Original Issue Discount: N/A
Amount of OID:
Yield to Maturity:
Interest Accrual Date:
Initial Accrual Period OID:
Amortization Schedule: N/A
Denominations: $1,000 minimum with $1,000 integral multiples
thereafter
Plan of Distribution:
The Company will sell the Notes to J.P. Morgan Securities
Inc. ("JPMSI") at a price of 99.853% of the principal amount of
the notes. JPMSI, acting as the Company's agent, will in turn
sell $25,000,000 aggregate principal amount of the Notes to
Merrill Lynch, Pierce, Fenner & Smith Incorporated at a price of
99.853% of the principal amount of the Notes.
The Company has agreed to indemnify JPMSI and Merrill Lynch,
Pierce, Fenner & Smith Incorporated against certain liabilities
under the Securities Act of 1933, as amended.
Additional Terms:
CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE
DEFINED IN THE PROSPECTUS SUPPLEMENT OR THE PROSPECTUS SHALL
HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS
SUPPLEMENT OR THE PROSPECTUS.
