J.P. Morgan Series Trust
Supplement dated February 22, 2000, to the following Statement of Additional
Information ("SAI"):
J.P. Morgan California Bond Fund, dated August 2, 1999
The following replaces the section under the heading "Custodian and Transfer
Agent":
The Bank of New York ("BONY"), One Wall Street, New York, New York
10286, serves as the Trust's custodian and fund accounting agent.
Pursuant to the Custodian and Fund Accounting Agreement with the Trust,
BONY is responsible for holding portfolio securities and cash and
maintaining the books of account and records of the Fund's portfolio
transactions.
State Street Bank and Trust Company ("State Street"), 225 Franklin
Street, Boston, Massachusetts 02110, serves as the Trust's transfer and
dividend disbursing agent. As transfer agent and dividend disbursing
agent, State Street is responsible for maintaining account records
detailing the ownership of Fund shares and for crediting income,
capital gains and other changes in share ownership to shareholder
accounts.
