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 semi - annual
report dated April 30, 2000 for the J.P. Morgan Institutional Tax Aware
Disciplined Equity Fund and is qualified in its entirety by reference to such
semi - annual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 395546
<INVESTMENTS-AT-VALUE> 435893
<RECEIVABLES> 1372
<ASSETS-OTHER> 807
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 438072
<PAYABLE-FOR-SECURITIES> 1810
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 219
<TOTAL-LIABILITIES> 2029
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 390610
<SHARES-COMMON-STOCK> 22952
<SHARES-COMMON-PRIOR> 18734
<ACCUMULATED-NII-CURRENT> 137
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4948
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 40348
<NET-ASSETS> 436042
<DIVIDEND-INCOME> 2776
<INTEREST-INCOME> 84
<OTHER-INCOME> 0
<EXPENSES-NET> 1104
<NET-INVESTMENT-INCOME> 1756
<REALIZED-GAINS-CURRENT> 5850
<APPREC-INCREASE-CURRENT> 8106
<NET-CHANGE-FROM-OPS> 15712
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1766)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7668
<NUMBER-OF-SHARES-REDEEMED> (3528)
<SHARES-REINVESTED> 78
<NET-CHANGE-IN-ASSETS> 95231
<ACCUMULATED-NII-PRIOR> 147
<ACCUMULATED-GAINS-PRIOR> (902)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 699
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1138
<AVERAGE-NET-ASSETS> 400819
<PER-SHARE-NAV-BEGIN> 18.19
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> .81
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.08)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.00
<EXPENSE-RATIO> .55
</TABLE>
