JP MORGAN SERIES TRUST
497, 1999-05-18
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J.P. Morgan Series Trust
Supplement dated May 18, 1999, to the following Prospectus:

J.P. Morgan Institutional Large Cap Growth Fund, dated December 31, 1998

The  following  replaces  the  "Portfolio  Management"  section on page 1 of the
prospectus:

     The portfolio  management team is led by Nadav Peles,  vice president,  who
     has been at J.P.  Morgan since 1994 as a capital  markets  researcher,  and
     Kathleen Tait,  CFA, vice  president,  who has been with J.P.  Morgan since
     1992  and  has  held  positions  in  large  cap  growth  equity   portfolio
     management, new business development and defined contribution.






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