September 5, 2000

Bank One Names Boshart as Head of Capital Markets

CHICAGO, Sept. 5, 2000 -- BANK ONE CORPORATION announced that James S. Boshart has joined the company today as executive vice president and head of capital markets, reporting to James Dimon, chairman and chief executive officer.

Boshart, 55, has 30 years of investment banking experience, most recently as co-chief executive officer of Schroder Salomon Smith Barney in Europe.

"Jim has earned a great reputation in the industry for his strong performance at some of the world's best financial services firms," Dimon said. "He is an excellent manager with exceptional character and integrity who will work with a wide range of our customers. He will build upon our strengths and competitive advantages to further develop the capital markets business that is right for Bank One."

"Bank One has an enviable customer base of middle market and corporate customers who trust us to help them grow their businesses," Boshart said. "We can do an even better job of that by tailoring solutions specifically for our clients' needs, leveraging our expertise in areas such as syndications, public and private financing, and asset securitization. This will also help us serve our shareholders more effectively."

Boshart joined Smith Barney in 1990 as manager of the Public Finance Department and became head of Capital Markets in 1995 and vice chairman and co-head of Investment Banking in 1997.

From 1988 to 1990, Boshart served as president and chief operating officer of the Stamford Company, a boutique investment bank primarily engaged in corporate finance/merchant banking and asset management activities. He spent 15 years at Lehman Brothers in various sales, management and administrative roles, including overseeing capital markets activities and serving national sales manager for all securities. He was a managing director from 1979 to 1984. He was the firm's chief administrative officer and a member of the operating committee and the board of directors at the time of Lehman merged with Shearson in 1984.

Boshart earned a bachelor's degree in 1967 from Wake Forest University, and spent the next three years in the U.S. Army. He and his wife have four children.

BANK ONE CORPORATION (NYSE: ONE) is the nation's fourth-largest bank holding company, with assets of more than $270 billion. Bank One offers a full range of financial services to commercial and business customers and consumers. It can be found on the Internet at www.bankone.com.


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