WASHINGTON - An investor group including J.P. Morgan & Co. disclosed that it owns a stake equivalent to 7.56% of the common shares of First USA Inc., the parent of a Delaware credit card bank.

The disclosure was made in a filing with the Securities and Exchange Commission.

The Morgan group said it holds - for investment purposes - 1,895,050 shares, including 642,300 purchased from May 27 to Sept. 1 at $9.50 to $13.99 a share. The stake includes shares that would be issued upon conversion of nonvoting shares.

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