<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000894088
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001 A000000 THE JPM INSTITUTIONAL FUNDS
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002 C000000 NY
002 D010000 02109
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007 C011000 10
007 C011100 11
007 C011200 12
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007 C021300 THE JPM INSTITUTIONAL PRIME MONEY MARKET FUND
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<PAGE> PAGE 2
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<PAGE> PAGE 3
010 B00AA02 8-49999999
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10036
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014 B00AA03 8-99999
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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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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SIGNATURE RICHARD W. 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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and is qualified in its entirety by reference to such semi-annual report
</LEGEND>
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from The JPM
Institutional Prime Money Market Fund and is qualified in its entirety by
reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
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</TABLE>
