Morgan means more

                                        in emerging markets



                              More opportunities, more fully realized







   Institutions and corporations that want to fully capitalize on opportunities in emerging
   markets come to J. P. Morgan. They know we deliver more.

   More investment ideas, because we're the largest trader in the emerging markets. More access
   to capital, because we're a leading arranger of debt and equity financings. More effective
   mergers and acquisitions, because we're a top-ranked advisor with a unique command of local
   markets, currencies, and financing techniques. More insight and understanding, because our
   research is the best in the business. And more flexibility, because we're an acknowledged
   leader in risk management.

   Only J. P. Morgan brings together these areas of expertise to help clients identify the right
   opportunities and realize their fullest potential.

   That's why corporations, governments, and investors around the globe turn to us. No firm
   provides you with more objectivity, more opportunities, or more innovative solutions – in any
   market in the world.

   www.jpmorgan.com

   

   

                                                                                       J P Morgan

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        strategic advice # mergers & acquisitions # debt & equity capital raising # swaps &
     derivatives # credit arrangements & loan syndication # sales & trading # asset management