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J.P. Morgan Series Trust Supplement effective May 22, 2000, to the following Prospectus: J.P. Morgan Institution Tax Aware Enchanced Income Fund, dated March 1, 2000 The address of the Shareholder Servicing Agent shown under the heading "Your Investment" is changed. The new address is: Morgan Christiana Center J.P. Morgan Funds Services - 2/OPS3 500 Stanton Christiana Road Newark, DE 19713 1-800-766-7722
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