UpDate - Vol. 13, No. 15, Page 5
December 16, 1993
J.P. Morgan Delaware contributes $150,000 for FORTUNE 2000

     J.P. Morgan Delaware presented a check for $150,000 to the University
of Delaware College of Business and Economics, in support of the college's
Fortune 2000 Program for minority students interested in pursuing careers
in business.
     J.P. Morgan Delaware is now classified as a Fortune 2000 Partner.
     John W. Field Jr., president and CEO of J.P. Morgan Delaware, made the
presentation to University President David P. Roselle in a ceremony Nov. 29
on the Newark campus.
     "J.P. Morgan is pleased to support the Fortune 2000 Program because
its goal of increasing the number of minority business graduates who
possess the qualifications to assume leadership positions in business
contributes directly to Morgan's goal of enhancing ethnic diversity within
our organization.
     "Morgan has a strong commitment to developing minority talent, and we
feel that our role as a Fortune 2000 Partner furthers that commitment,"
Field said.
     Roselle expressed appreciation to Field and the J.P. Morgan Delaware
organization for the generous gift. "Morgan's support evidences its
leadership position in the financial services industry and our community,"
he said. "This support will assist the University in meeting the needs of a
culturally diverse student body, while increasing the number of minorities
in the field of business."
     According to Terry M. Whittaker, assistant dean of the College of
Business and Economics and director of the Fortune 2000 Program, "the
program provides students with academic and career-related assistance, as
well as motivational activities to ensure their successful matriculation,
graduation and career placement."
     Morgan's contribution, which will be allotted over a six-year period,
will support:

        * J.P. Morgan/Fortune 2000 scholarships totaling $20,000 annually.
          Scholarship recipients will be called J.P. Morgan/Fortune 2000
          Scholars and will have the opportunity to intern with J.P. Morgan
          Delaware.
        * The Summer Academic Bridge Program, a five-week, residential
          program for African-American, Hispanic and Native American Indian
          students who have accepted admission into the University's
          College of Business and Economics.
        * The Pre-College Business Program, a year-round, pre-college
          academic enrichment and career development program for 9th-12th
          grade minority students interested in business careers.

     Program participants also will have the opportunity to be interviewed
for summer internships and part-time jobs at Morgan.
     In 1981, J.P. Morgan Delaware was the first bank to be established
under Delaware's Financial Center Development Act. The company offers
specialized lending to supplement J.P. Morgan & Co. Incorporated's business
as a global financial intermediary committed to serving the long-term
interests of corporations, financial institutions, governments, private
firms, non-profit institutions and a limited number of individuals
throughout the world.
     The bank also provides a controlled check disbursement service, a
significant component of Morgan's worldwide, cash-management services. In
terms of total assets, J. P. Morgan Delaware ranks among the largest banks
in the state.
     Also attending the check presentation from Morgan were Donald Brunner,
senior vice president; Barbara Bates, Trentton Mack and Rudolph Weaver,
vice presidents; Tameka Taylor and Aaron Marshall, both University alumni
who serve as operations assistants; and Rene Culler, a human resources
assistant at Morgan and a current student at Delaware.
     Present from the University were Kenneth Biederman, dean of the
College of Business and Economics; James Butkiewicz, assistant dean; and
Whittaker.
     A luncheon was held after the ceremony, and several current students
in the Fortune 2000 Program attended.