000 A000000 11/30/95
000 C000000 0000894088
000 D000000 N
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001 A000000 THE JPM INSTITUTIONAL FUNDS
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002 A000000 6 ST. JAMES AVENUE, 9TH FLOOR
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
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007 C010300 3
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007 C010600 6
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007 C010900 9
007 C011000 10
007 C021000 THE JPM INSTITUTIONAL US SMALL COMPANY FUND
007 C031000 N
007 C011100 11
007 C021100 THE JPM INSTITUTIONAL SELECTED US EQUITY FUND
007 C031100 N
007 C011200 12
007 C021200 THE JPM INSTITUTIONAL US STOCK FUND
007 C031200 Y
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007 C011400 14
007 C011500 15
007 C011600 16
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007 C011800 18
007 C011900 19
007 C012000 20
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 MORGAN (J.P.) SECURITIES
014 B00AA01 8-99999999
018 00AA00 Y
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019 C00AA00 JPM\PIERPO
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022 A000001 THE SELECTED US EQUITY PORTFOLIO
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022 A000002 THE US SMALL COMPANY PORTFOLIO
022 B000002 04-3194469
022 C000002 59007
022 D000002 11520
022 A000003 THE U.S. STOCK PORTFOLIO
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080 A00AA00 CHUBB INSURANCE CO.
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058 A001000 N
058 B001000 N
058 C001000 N
058 D001000 N
058 E001000 N
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060 A001000 Y
060 B001000 Y
061 001000 1000000
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062 D001000 0.0
062 E001000 0.0
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062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 N
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 Y
070 K021000 Y
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070 L021000 N
070 M011000 N
070 M021000 N
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070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
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070 Q011000 N
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028 G041100 36825
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058 A001100 N
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058 C001100 N
058 D001100 N
058 E001100 N
059 001100 Y
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060 B001100 Y
061 001100 3000000
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062 C001100 0.0
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062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
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062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 N
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 N
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 0
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071 C001100 0
071 D001100 0
072 A001100 6
072 B001100 0
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072 D001100 0
072 E001100 1902
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072 G001100 25
072 H001100 0
072 I001100 57
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072 K001100 0
072 L001100 7
072 M001100 2
072 N001100 11
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072 P001100 0
072 Q001100 8
072 R001100 5
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074 H001100 0
074 I001100 206391
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074 M001100 11
074 N001100 206435
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074 R041100 34
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074 T001100 206388
074 U011100 15684
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075 B001100 193553
076 001100 0.00
028 A011200 0
028 A021200 0
028 A031200 0
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028 B011200 0
028 B021200 0
028 B031200 0
028 B041200 0
028 C011200 0
028 C021200 0
028 C031200 0
028 C041200 102
028 D011200 0
028 D021200 0
028 D031200 0
028 D041200 0
028 E011200 0
028 E021200 0
028 E031200 0
028 E041200 0
028 F011200 0
028 F021200 0
028 F031200 0
028 F041200 0
028 G011200 0
028 G021200 0
028 G031200 0
028 G041200 102
028 H001200 0
058 A001200 N
058 B001200 N
058 C001200 N
058 D001200 N
058 E001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 3000000
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
070 A011200 N
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 0
071 B001200 0
071 C001200 0
071 D001200 0
072 A001200 6
072 B001200 1
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072 E001200 0
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072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 0
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072 N001200 0
072 O001200 0
072 P001200 0
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072 R001200 0
072 S001200 0
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072 U001200 0
072 V001200 0
072 W001200 1
072 X001200 1
072 Y001200 0
072 Z001200 1
072AA001200 0
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072CC011200 0
072CC021200 0
072DD011200 0
072DD021200 0
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073 A011200 0.0000
073 A021200 0.0000
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073 C001200 0.0000
074 A001200 0
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074 C001200 0
074 D001200 0
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 0
074 L001200 0
074 M001200 0
074 N001200 0
074 O001200 0
074 P001200 0
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 0
074 S001200 0
074 T001200 0
074 U011200 10
074 U021200 0
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074 V021200 0.00
074 W001200 0.0000
074 X001200 1
074 Y001200 0
075 A001200 0
075 B001200 102
076 001200 0.00
SIGNATURE DANIEL E SHEA
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from The JPM
Institutional Selected U.S. Equity Fund Semiannual Report dated November 30,
1995 and is qualified in it entirety by reference to such Semiannual Report.
</LEGEND>
<CIK> 0000894088
<NAME> THE JPM INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 1
<NAME> THE JPM INSTITUTIONAL SELECTED U.S. EQUITY FUND
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<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from The JPM Institutional
U.S. Small Company Fund SemiAnnual Report dated November 30, 1995 and is
qualified in its entirety by reference to such SemiAnnual Report.
</LEGEND>
<CIK> 0000894088
<NAME> THE JPM INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 1
<NAME> THE JPM INSTITUTIONAL U.S. SMALL COMPANY FUND
<S> <C>
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<TOTAL-LIABILITIES> 66,211
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 194,036,573
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<SHARES-COMMON-PRIOR> 13,375,086
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<OVERDISTRIBUTION-GAINS> 0
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<NET-INVESTMENT-INCOME> 1,168,423
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<NET-CHANGE-IN-ASSETS> 74,388,259
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 117,164
<AVERAGE-NET-ASSETS> 190,604,187
<PER-SHARE-NAV-BEGIN> 11.16
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</TABLE>
