JP MORGAN INSTITUTIONAL FUNDS
497, 1998-01-16
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The J.P. Morgan Institutional Diversified Fund

Supplement  dated  January 8, 1998 to the  Statement of  Additional  Information
dated October 1, 1997


The JPM Institutional  Diversified  Fund's name has been changed to "J.P. Morgan
Institutional  Diversified  Fund." All  references  to the Fund in the  attached
Statement of Additional Information have been changed accordingly.




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