J.P. Morgan Series Trust
Supplement dated July 14, 2000, to the following Prospectus:
J.P. Morgan Institutional U.S. Equity Funds dated March 1, 2000, with
respect to the J.P. Morgan Institutional Tax Aware Disciplined Equity Fund.
Effective July 31, 2000, the redemption fee of 1.00% applicable to shares of the
J.P. Morgan Institutional Tax Aware Disciplined Equity Fund held for less than
one year is eliminated. Accordingly, reference to the redemption fees in the
Shareholder Transaction Expenses table under the INVESTOR EXPENSES section is
eliminated.
The Expense example is amended as follows:
The example below is intended to help you compare the cost of investing in the
fund with the cost of investing in other mutual funds. The example assumes:
$10,000 initial investment, 5% return each year, net expenses for the period
3/1/00 through 2/28/01 and total operating expenses thereafter, and all shares
sold at the end of each time period. The example is for comparison only; the
fund's actual return and your actual costs may be higher or lower.
1yr 3yrs 5yrs 10yrs
Your cost ($) 56 198 352 801
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J.P. Morgan Series Trust
Supplement dated July 14, 2000, to the following Prospectus:
J.P. Morgan U.S. Equity Funds dated March 1, 2000, with respect to the J.P.
Morgan Tax Aware U.S. Equity Fund.
Effective July 31, 2000, the redemption fee of 1.00% applicable to shares of the
J.P. Morgan Tax Aware U.S. Equity Fund held for less than one year is
eliminated. Accordingly, reference to the redemption fees in the Shareholder
Transaction Expenses table under the INVESTOR EXPENSES section is eliminated.
The Expense example is amended as follows:
The example below is intended to help you compare the cost of investing in the
fund with the cost of investing in other mutual funds. The example assumes:
$10,000 initial investment, 5% return each year, net expenses for the period
3/1/00 through 2/28/01 and total operating expenses thereafter, and all shares
sold at the end of each time period. The example is for comparison only; the
fund's actual return and your actual costs may be higher or lower.
1yr 3yrs 5yrs 10yrs
Your cost ($) 87 282 494 1,103