<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 894088
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE JPM INSTITUTIONAL FUNDS
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001 C000000 6174230800
002 A000000 6 ST JAMES AVENUE
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002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
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007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C021400 THE JPM INSTITUTIONAL ASIA GROWTH FUND
007 C031400 N
007 C011500 15
007 C021500 THE JPM INSTITUTIONAL EUROPEAN EQUITY FUND
007 C031500 N
007 C011600 16
007 C021600 THE JPM INSTITUTIONAL JAPAN EQUITY FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 SIGNATURE BROKER DEALER SERVICES, INC.
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<PAGE> PAGE 2
010 C03AA01 02116
010 A00AA02 PIERPONT GROUP, INC.
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10017
010 A00AA03 MORGAN GUARANTY TRUST CO. OF N.Y.
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10036
011 A00AA01 SIGNATURE BROKER DEALER SERVICES, INC.
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011 C02AA01 MA
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014 A00AA03 JP MORGAN SECURITIES, LTD
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<PAGE> PAGE 3
020 C000008 0
020 C000009 0
020 C000010 0
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022 A000001 THE EUROPEAN EQUITY PORTFOLIO
022 B000001 98-0150124
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022 D000001 330
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022 C000002 4312
022 D000002 165
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE RICHARD INGRAM
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi annual
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
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<LEGEND>
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