<PAGE> PAGE 1
000 A000000 12/31/94
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 U
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 13
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C020900 THE JPM INSTITUTIONAL DIVERSIFIED FUND
007 C030900 N
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
<PAGE> PAGE 2
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 45
019 C00AA00 PIERPONTXX
020 A000001 NONE
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 THE DIVERSIFIED PORTFOLIO
022 B000001 04-3194478
022 C000001 38639
022 D000001 3970
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
<PAGE> PAGE 3
023 C000000 38639
023 D000000 3970
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
066 A00AA00 N
067 00AA00 Y
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
<PAGE> PAGE 4
070 N01AA00 N
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010900 3937
028 A020900 0
028 A030900 0
028 A040900 301
028 B010900 1818
028 B020900 0
028 B030900 0
028 B040900 753
028 C010900 2373
028 C020900 1206
028 C030900 0
028 C040900 569
028 D010900 22779
028 D020900 0
028 D030900 0
028 D040900 1183
028 E010900 848
028 E020900 0
028 E030900 0
028 E040900 683
028 F010900 7306
028 F020900 1222
<PAGE> PAGE 5
028 F030900 0
028 F040900 653
028 G010900 39061
028 G020900 2428
028 G030900 0
028 G040900 4142
028 H000900 0
071 A000900 0
071 B000900 0
071 C000900 0
071 D000900 0
072 A000900 6
072 B000900 1352
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 11
072 H000900 0
072 I000900 32
072 J000900 0
072 K000900 0
072 L000900 15
072 M000900 1
072 N000900 22
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 4
072 S000900 0
072 T000900 0
072 U000900 5
072 V000900 0
072 W000900 0
072 X000900 90
072 Y000900 90
072 Z000900 1351
072AA000900 0
072BB000900 622
072CC010900 817
072CC020900 0
072DD010900 2048
072DD020900 0
072EE000900 384
073 A010900 0.2600
073 A020900 0.0000
073 B000900 0.0600
073 C000900 0.0000
074 A000900 0
074 B000900 0
074 C000900 0
<PAGE> PAGE 6
074 D000900 0
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 95333
074 J000900 0
074 K000900 90
074 L000900 439
074 M000900 34
074 N000900 95896
074 O000900 0
074 P000900 17
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 194
074 S000900 0
074 T000900 95685
074 U010900 9707
074 U020900 0
074 V010900 9.86
074 V020900 0.00
074 W000900 0.0000
074 X000900 19
074 Y000900 0
075 A000900 0
075 B000900 75147
076 000900 0.00
SIGNATURE DANIEL E. SHEA
TITLE ASSISTANT TREASURER
