WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the annual report
dated October 31, 2000 for the J.P. Morgan Tax Aware U.S. Equity Fund - Select
Shares and is qualified in its entirety by reference to such annual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 200754
<INVESTMENTS-AT-VALUE> 248394
<RECEIVABLES> 1070
<ASSETS-OTHER> 10
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 249476
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 254
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 211896
<SHARES-COMMON-STOCK> 12151
<SHARES-COMMON-PRIOR> 8707
<ACCUMULATED-NII-CURRENT> 98
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10412)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47640
<NET-ASSETS> 249222
<DIVIDEND-INCOME> 2699
<INTEREST-INCOME> 6
<OTHER-INCOME> 0
<EXPENSES-NET> 1760
<NET-INVESTMENT-INCOME> 945
<REALIZED-GAINS-CURRENT> (3009)
<APPREC-INCREASE-CURRENT> 18305
<NET-CHANGE-FROM-OPS> 16241
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (861)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4968
<NUMBER-OF-SHARES-REDEEMED> (1559)
<SHARES-REINVESTED> 35
<NET-CHANGE-IN-ASSETS> 86147
<ACCUMULATED-NII-PRIOR> 13
<ACCUMULATED-GAINS-PRIOR> (5184)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1767
<AVERAGE-NET-ASSETS> 207129
<PER-SHARE-NAV-BEGIN> 18.73
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 1.77
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.51
<EXPENSE-RATIO> .85
</TABLE>
