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 Disciplined Equity Fund -
Institutional 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> 423190
<INVESTMENTS-AT-VALUE> 477902
<RECEIVABLES> 4123
<ASSETS-OTHER> 13
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 482039
<PAYABLE-FOR-SECURITIES> 679
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3804
<TOTAL-LIABILITIES> 4483
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 447759
<SHARES-COMMON-STOCK> 25302
<SHARES-COMMON-PRIOR> 18734
<ACCUMULATED-NII-CURRENT> 277
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (25192)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 54712
<NET-ASSETS> 477556
<DIVIDEND-INCOME> 5789
<INTEREST-INCOME> 12
<OTHER-INCOME> 0
<EXPENSES-NET> 2402
<NET-INVESTMENT-INCOME> 3399
<REALIZED-GAINS-CURRENT> (12344)
<APPREC-INCREASE-CURRENT> 22470
<NET-CHANGE-FROM-OPS> 13525
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3269
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11740
<NUMBER-OF-SHARES-REDEEMED> 5313
<SHARES-REINVESTED> 141
<NET-CHANGE-IN-ASSETS> 136744
<ACCUMULATED-NII-PRIOR> 147
<ACCUMULATED-GAINS-PRIOR> (902)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1528
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2571
<AVERAGE-NET-ASSETS> 436861
<PER-SHARE-NAV-BEGIN> 18.19
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> .68
<PER-SHARE-DIVIDEND> .15
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.87
<EXPENSE-RATIO> .55
</TABLE>