<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated April 30, 2000 for The JP Morgan Global 50 Fund and is qualified in
its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 144383
<INVESTMENTS-AT-VALUE> 158885
<RECEIVABLES> 2051
<ASSETS-OTHER> 2284
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 163220
<PAYABLE-FOR-SECURITIES> 1404
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1062
<TOTAL-LIABILITIES> 2466
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 133524
<SHARES-COMMON-STOCK> 7936
<SHARES-COMMON-PRIOR> 5596
<ACCUMULATED-NII-CURRENT> 425
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11839
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14966
<NET-ASSETS> 160754
<DIVIDEND-INCOME> 938
<INTEREST-INCOME> 142
<OTHER-INCOME> 0
<EXPENSES-NET> 1008
<NET-INVESTMENT-INCOME> 72
<REALIZED-GAINS-CURRENT> 12052
<APPREC-INCREASE-CURRENT> 3564
<NET-CHANGE-FROM-OPS> 15688
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1261
<DISTRIBUTIONS-OF-GAINS> 2090
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3492
<NUMBER-OF-SHARES-REDEEMED> 1287
<SHARES-REINVESTED> 135
<NET-CHANGE-IN-ASSETS> 59684
<ACCUMULATED-NII-PRIOR> 1614
<ACCUMULATED-GAINS-PRIOR> 1877
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 840
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1200
<AVERAGE-NET-ASSETS> 135126
<PER-SHARE-NAV-BEGIN> 18.06
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 2.77
<PER-SHARE-DIVIDEND> 0.58
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.26
<EXPENSE-RATIO> 1.50
</TABLE>
