J.P. Morgan Series Trust
Supplement dated January 24, 2000 to the following Statement of Additional
Information:
J.P. Morgan Global 50 Fund, dated March 1, 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 Contract with the Trust, BONY is responsible
for maintaining the books of account and records of the Fund's
portfolio transactions and holding portfolio securities and cash. In
the case of foreign assets held outside the United States, the
custodian employs various subcustodians who were approved by the
Trustees in accordance with the regulations of the SEC. The custodian
maintains portfolio transaction records.
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.
