Supplement dated September 26, 1995 to The JPM Institutional Funds prospectus
dated March 31, 1995, as amended June 21, 1995.
Effective September 29, 1995, accounts opened in any of The JPM Institutional
Funds, except for the money market funds, by an employer-sponsored employee
retirement plan or by investors such as investment advisors, trust companies and
financial advisors require a higher minimum initial investment amount than those
stated in the attached prospectus. The minimum initial investment in The JPM
Institutional Money Market Fund, The JPM Institutional Tax Exempt Money Market
Fund and The JPM Institutional Treasury Money Market Fund remains at $10,000,000
for all investors. For information about purchase minimums, see the amendment to
"Purchase of Shares" below.
PURCHASE OF SHARES
METHOD OF PURCHASE.
...Each of The JPM Institutional Funds requires the minimum initial investment
and minimum subsequent investment shown below:
Initial Subsequent
Investment Investment
The JPM Institutional Money Market Fund $10,000,000 $25,000
The JPM Institutional Tax Exempt Money Market Fund $10,000,000 $25,000
The JPM Institutional Treasury Money Market Fund $10,000,000 $25,000
The JPM Institutional Short Term Bond Fund $5,000,000 $25,000
The JPM Institutional Bond Fund $5,000,000 $25,000
The JPM Institutional Tax Exempt Bond Fund $5,000,000 $25,000
The JPM Institutional International Bond Fund $1,000,000 $25,000
The JPM Institutional Selected U.S. Equity Fund $3,000,000 $25,000
The JPM Institutional U.S. Small Company Fund $1,000,000 $25,000
The JPM Institutional International Equity Fund $1,000,000 $25,000
The JPM Institutional Emerging Markets Equity Fund $500,000 $25,000
The JPM Institutional Diversified Fund $3,000,000 $25,000
These minimum investment requirements may be waived for investors for whom the
Advisor is a fiduciary or who maintain related accounts with the Funds or the
Advisor when such accounts, together with investments in the Funds, total
$5,000,000 or more.
An employer-sponsored retirement plan opening an account in a Fund, will be
required to attain the minimum balance shown below in each Fund in which it
invests within thirteen months of opening the account. For investors such as
investment advisors, trust companies and financial advisors who make investments
for a group of clients, the minimum investment in a Fund is (i) the amount shown
above if the account is opened for one client or (ii) the amount shown below for
an aggregated purchase order for more than one client. The minimum subsequent
investment in the same Fund is $25,000.
Initial Subsequent
Investment Investment
The JPM Institutional Money Market Fund $10,000,000 $25,000
The JPM Institutional Tax Exempt Money Market Fund $10,000,000 $25,000
The JPM Institutional Treasury Money Market Fund $10,000,000 $25,000
The JPM Institutional Short Term Bond Fund $10,000,000 $25,000
The JPM Institutional Bond Fund $10,000,000 $25,000
The JPM Institutional Tax Exempt Bond Fund $10,000,000 $25,000
The JPM Institutional International Bond Fund $2,000,000 $25,000
The JPM Institutional Selected U.S. Equity Fund $6,000,000 $25,000
The JPM Institutional U.S. Small Company Fund $2,000,000 $25,000
The JPM Institutional International Equity Fund $2,000,000 $25,000
The JPM Institutional Emerging Markets Equity Fund $1,000,000 $25,000
The JPM Institutional Diversified Fund $6,000,000 $25,000
MANDATORY REDEMPTION BY THE FUND. If the value of a shareholder's holdings in
any Fund falls below the applicable minimum initial investment amount for 30
days or more because of a redemption of shares, the shareholder's remaining
shares may be redeemed by the Fund 60 days after written notice to the
shareholder unless the account is increased to the minimum investment amount or
more.
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Supplement dated September 26, 1995 to the following prospectuses:
The JPM Institutional Short Term Bond Fund, dated March 1, 1995
The JPM Institutional Bond Fund, dated March 1, 1995
The JPM Institutional Tax Exempt Bond Fund, dated January 3, 1995
The JPM Institutional New York Total Return Bond Fund, dated June 21, 1995
The JPM Institutional International Bond Fund, dated June 21, 1995
The JPM Institutional Selected U.S. Equity Fund, dated September 26, 1994
The JPM Institutional U.S. Small Company Fund, dated September 26, 1994
The JPM Institutional International Equity Fund, dated March 1, 1995 as amended
June 21, 1995
The JPM Institutional Emerging Markets Equity Fund, dated March 1, 1995
The JPM Institutional Diversified Fund, dated September 26, 1994
Effective September 29, 1995, accounts opened in any of The JPM Institutional
Funds listed above by an employer-sponsored employee retirement plan or by
investors such as investment advisors, trust companies and financial advisors
require a higher minimum initial investment amount than the amount stated in the
attached prospectus.
The above JPM Institutional Funds require the minimum initial investment and
minimum subsequent investment amounts shown below:
Initial Subsequent
Investment Investment
The JPM Institutional Short Term Bond Fund $5,000,000 $25,000
The JPM Institutional Bond Fund $5,000,000 $25,000
The JPM Institutional Tax Exempt Bond Fund $5,000,000 $25,000
The JPM Institutional New York Total Return Bond Fund $5,000,000 $25,000
The JPM Institutional International Bond Fund $1,000,000 $25,000
The JPM Institutional Selected U.S. Equity Fund $3,000,000 $25,000
The JPM Institutional U.S. Small Company Fund $1,000,000 $25,000
The JPM Institutional International Equity Fund $1,000,000 $25,000
The JPM Institutional Emerging Markets Equity Fund $500,000 $25,000
The JPM Institutional Diversified Fund $3,000,000 $25,000
These minimum investment requirements may be waived for investors for whom the
Advisor is a fiduciary or who maintain related accounts with the Funds or the
Advisor when such accounts, together with investments in the Funds, total
$5,000,000 or more.
Effective September 29, an employer-sponsored retirement plan opening an account
in a Fund, will be required to attain the minimum balance shown below in each
Fund in which it invests within thirteen months of opening the account. For
investors such as investment advisors, trust companies and financial advisors
who make investments for a group of clients, the minimum investment in a Fund is
(i) the amount shown above if the account is opened for one client or (ii) the
amount shown below for an aggregated purchase order for more than one client.
The minimum subsequent investment in the same Fund is $25,000.
Initial Subsequent
Investment Investment
The JPM Institutional Short Term Bond Fund $10,000,000 $25,000
The JPM Institutional Bond Fund $10,000,000 $25,000
The JPM Institutional Tax Exempt Bond Fund $10,000,000 $25,000
The JPM Institutional New York Total Return Bond Fund $10,000,000 $25,000
The JPM Institutional International Bond Fund $2,000,000 $25,000
The JPM Institutional Selected U.S. Equity Fund $6,000,000 $25,000
The JPM Institutional U.S. Small Company Fund $2,000,000 $25,000
The JPM Institutional International Equity Fund $2,000,000 $25,000
The JPM Institutional Emerging Markets Equity Fund $1,000,000 $25,000
The JPM Institutional Diversified Fund $6,000,000 $25,000
If the value of a shareholder's holdings in any Fund falls below the applicable
minimum initial investment amount for more than 30 days because of a redemption
of shares, the shareholder's remaining shares may be redeemed by the Fund 60
days after written notice to the shareholder unless the account is increased to
the minimum investment amount or more.
