PROSPECTUS SUPPLEMENT DATED FEBRUARY 1, 1996, TO
THE JPM INSTITUTIONAL FUNDS PROSPECTUS, DATED DECEMBER 29, 1995
This supplement changes the daily cut-off times for purchases and
redemptions of shares of The JPM Institutional Treasury Money Market Fund.
The following restates the third sentence of the second paragraph under
the caption "Purchase Price and Settlement" on page 47:
Immediately available funds must be received by 3:00 P.M. New York time
on a business day in the case of the Money Market Fund, by 12:00 noon
New York time on a business day in the case of the Treasury Money
Market Fund, and by 11:00 A.M. New York time on a business day in the
case of the Tax Exempt Money Market Fund, for the purchase to be
effective and dividends to be earned on the same day.
The following restates the first sentence of the second paragraph under
the caption "Method of Redemption" on page 48:
A redemption request received on a business day prior to 1:00 P.M. New
York time in the case of the Money Market Fund, prior to 12:00 noon New
York time in the case of the Treasury Money Market Fund, and prior to
11:00 A.M. New York time in the case of the Tax Exempt Money Market
Fund is effective on that day.
TREASIP2.DOC
