<PAGE> PAGE 1
000 A000000 02/28/94
000 C000000 0000894088
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE JPM INSTITUTIONAL FUNDS
001 B000000 811-7342
001 C000000 6174230800
002 A000000 6 ST. JAMES AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 14
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C020600 THE JPM INSTITUTIONAL TAX EXEMPT BOND FUND
007 C030600 N
007 C010700 7
007 C020700 THE JPM INSTITUTIONAL TAX EXEMPT MONEY MKT FD
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 SIGNATURE BROKER DEALER SERVICES INC.
011 B00AA01 8-41134
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK
012 B00AA01 85-50003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10020
015 A00AA01 STATE STREET BANK & TRUST
<PAGE> PAGE 2
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 28
019 C00AA00 PIERPONTXX
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020 C000005 0
020 C000006 0
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020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 THE TAX EXEMPT BOND PORTFOLIO
022 B000001 04-3194405
022 C000001 7044
022 D000001 2
022 A000002 THE TAX EXEMPT MONEY MARKET PORTFOLIO
022 B000002 04-3194418
022 C000002 0
022 D000002 23416
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
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022 D000010 0
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023 D000000 23418
024 00AA00 N
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026 D000000 Y
<PAGE> PAGE 3
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
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030 B00AA00 0.00
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<PAGE> PAGE 4
062 C00AA00 0.0
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062 R00AA00 0.0
066 A00AA00 N
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068 A00AA00 N
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077 A000000 N
080 A00AA00 VIGILANT
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<PAGE> PAGE 5
028 B020600 0
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055 A000600 N
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056 000600 Y
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070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
<PAGE> PAGE 6
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
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070 Q020600 N
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<PAGE> PAGE 7
072CC020600 128
072DD010600 52
072DD020600 0
072EE000600 0
073 A010600 0.2600
073 A020600 0.0000
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028 A010700 0
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028 A030700 0
028 A040700 18600
028 B010700 0
028 B020700 53
028 B030700 0
028 B040700 1250
028 C010700 0
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<PAGE> PAGE 8
028 C030700 0
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028 D030700 0
028 D040700 144
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028 E040700 3373
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028 F030700 0
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028 G020700 220
028 G030700 0
028 G040700 23367
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055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 10000000
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 N
<PAGE> PAGE 9
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
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073 A010700 0.0107
<PAGE> PAGE 10
073 A020700 0.0000
073 B000700 0.0001
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074 A000700 0
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075 A000700 16949
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076 000700 0.00
SIGNATURE DONALD S RUMERY
TITLE ASSISTANT TREASURER
