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 Tax Aware U.S. 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> 166167
<INVESTMENTS-AT-VALUE> 209726
<RECEIVABLES> 310
<ASSETS-OTHER> 73
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 210109
<PAYABLE-FOR-SECURITIES> 2304
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 917
<TOTAL-LIABILITIES> 3221
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 170110
<SHARES-COMMON-STOCK> 10235
<SHARES-COMMON-PRIOR> 8707
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (15)
<ACCUMULATED-NET-GAINS> (6766)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43559
<NET-ASSETS> 206888
<DIVIDEND-INCOME> 1000
<INTEREST-INCOME> 150
<OTHER-INCOME> 0
<EXPENSES-NET> 778
<NET-INVESTMENT-INCOME> 372
<REALIZED-GAINS-CURRENT> (1582)
<APPREC-INCREASE-CURRENT> 14224
<NET-CHANGE-FROM-OPS> 13014
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (400)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2309
<NUMBER-OF-SHARES-REDEEMED> (798)
<SHARES-REINVESTED> 17
<NET-CHANGE-IN-ASSETS> 43812
<ACCUMULATED-NII-PRIOR> 13
<ACCUMULATED-GAINS-PRIOR> (5184)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 410
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 789
<AVERAGE-NET-ASSETS> 184361
<PER-SHARE-NAV-BEGIN> 18.73
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 1.49
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.21
<EXPENSE-RATIO> .85
</TABLE>
