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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 26
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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SIGNATURE CHARLENE LUCCHESI
TITLE COMPLIANCE ADMIN.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> UNDISCOVERED MANAGERS FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> CORE EQUITY FUND INVESTOR CLASS
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> CORE EQUITY FUND C CLASS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0001047712
<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> HIDDEN VALUE FUND INVESTOR CLASS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> UNDISCOVERED MANAGERS FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> UNDISCOVERED MANAGERS FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> SMALL CAP VALUE FUND C CLASS
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<CIK> 0001047712
<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> SPECIAL SMALL CAP FUND
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<CIK> 0001047712
<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> BEHAVIORAL VALUE FUND
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<CIK> 0001047712
<NAME> UNDISCOVERED MANAGERS FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> UM INTERNATIONAL EQUITY FUND C CLASS
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<NAME> UNDISCOVERED MANAGERS FUNDS
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<NAME> UM INTERNATIONAL SMALL CAP EQUITY FUND
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