JP MORGAN SERIES TRUST
497, 2000-07-18
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J.P. Morgan Series Trust
Supplement dated July 18, 2000, to the following Prospectus:

J.P. Morgan Institutional Large Cap Growth Fund, dated October 1, 1999

The second  paragraph  under the  heading  "Portfolio  Management"  on page 1 is
hereby replaced with the following:

         The portfolio  management  team is led by Nadav Peles,  vice president,
         who  has  been  with  J.P.  Morgan  since  1994  as a  capital  markets
         researcher,  and James Russo,  CFA, vice  president,  who has been with
         J.P.  Morgan since 1994 and has worked in the equity  research group as
         an analyst covering consumer cyclical stocks.





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