<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the annual report
dated April 30, 2000 for the J.P. Morgan Select California Bond Fund and is
qualified in its entirety by reference to such annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 103384
<INVESTMENTS-AT-VALUE> 103127
<RECEIVABLES> 1622
<ASSETS-OTHER> 2177
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106926
<PAYABLE-FOR-SECURITIES> 8217
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 319
<TOTAL-LIABILITIES> 8536
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99666
<SHARES-COMMON-STOCK> 1354
<SHARES-COMMON-PRIOR> 1646
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (19)
<ACCUMULATED-NET-GAINS> (999)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (257)
<NET-ASSETS> 98391
<DIVIDEND-INCOME> 51
<INTEREST-INCOME> 3688
<OTHER-INCOME> 0
<EXPENSES-NET> 419
<NET-INVESTMENT-INCOME> 3320
<REALIZED-GAINS-CURRENT> (999)
<APPREC-INCREASE-CURRENT> (1730)
<NET-CHANGE-FROM-OPS> 591
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 585
<DISTRIBUTIONS-OF-GAINS> 18
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 857
<NUMBER-OF-SHARES-REDEEMED> 1186
<SHARES-REINVESTED> 38
<NET-CHANGE-IN-ASSETS> 16898
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 101
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 239
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 574
<AVERAGE-NET-ASSETS> 14600
<PER-SHARE-NAV-BEGIN> 10.57
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> (0.36)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.20
<EXPENSE-RATIO> 0.65
</TABLE>
