J.P. Morgan Announces The Extension Of Its Tender Offer For Jefferson Parish Hospital Service District No. 2, Parish Of Jefferson, State of Louisiana Hospital Revenue Refunding Bonds, Series 1993

NEW YORK, Sept. 16 /PRNewswire/ -- J.P. Morgan Securities Inc. (“J.P. Morgan”) announced today that the tender offer (the “Offer”) for all of Jefferson Parish Hospital Service District No. 2, Parish of Jefferson, State of Louisiana (the “District”) Hospital Revenue Refunding Bonds, Series 1993 (the “Bonds”) has been extended to 5:00 P.M., NYC time, September 30, 2004 from September 16, 2004. The table below shows the principal amount of bonds tendered as of the close of business on September 16, 2004.

Principal Principal Interest CUSIP Amount Amount Rate Maturity Number Outstanding Tendered 5 1/2% July 1, 2008 474702-BY-2 $11,895,000 $9,795,000 5 3/4% July 1, 2016 474702-BZ-9 $33,300,000 $28,941,000

Shattuck Hammond Partners LLC is acting a Dealer Manager for the Offer. Copies of the Offer documents may be obtained from D.F. King & Co., Inc., which is serving as Information Agent, at (212) 269-5550.

J.P. Morgan Securities Inc.

CONTACT: Edward McCarthy of D.F. King & Co., +1-212-269-5550 for J.P.Morgan Securities Inc.

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