J.P.Morgan's Conduits Updated By Fitch

Fitch Ratings has published Semiannual Updates for the following asset backed commercial paper conduits sponsored by JPMorgan Chase Bank, N.A. (JPM rated 'AA F1+' by Fitch) Falcon Asset Securitization Company LLC, 'F1+' Jupiter Securitization Company LLC, 'F1+' Park Avenue Receivables

By None

Fitch Ratings has published Semiannual Updates for the following asset-backed commercial paper conduits sponsored by JPMorgan Chase Bank, N.A. (JPM; rated ‘AA-/F1+’ by Fitch):

-Falcon Asset Securitization Company LLC, ‘F1+’;

-Jupiter Securitization Company LLC, ‘F1+’;

-Park Avenue Receivables Company, LLC, ‘F1’.

These reports present a detailed overview of each conduit’s credit composition over the six-month period ended 31 December 2008.

L.D.

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