The JPM Intitutional Funds
6 St. James Avenue
Boston, MA 02116
(617) 423-0800
August 13, 1996
VIA EDGAR
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: The JPM Institutional Funds (File no. 33-54642) (the "Registrant");
Prospectus dated August 1, 1996 for The JPM Institutional New York Total Return
Bond Fund (the "Fund"), a series of shares of the Registrant; Statement of
Additional Information dated August 1, 1996 for all series of shares of the
Registrant.
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Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the
Registrant hereby certifies that the form of the captioned statement of
additional information and prospectus that would have been filed by the
Registrant on behalf of the Fund pursuant to Rule 497(c) upon the effectiveness
of post-effective amendment no. 23 to the Registrant's registration statement on
Form N-1A (File no. 33-54642) (the "Amendment") would not have differed from
that contained in the Amendment, which is the most recent amendment to such
registration statement with respect to the Fund and was filed electronically on
July 31, 1996.
Please direct any comments or questions concerning this certificate to the
undersigned at (617) 423-0800.
Very Truly Yours,
THE JPM INSTITUTIONAL FUNDS
By: /s/ANDRES E. SALDANA
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Andres E. Saldana
Assistant Secretary
