JP MORGAN INSTITUTIONAL FUNDS
497, 1998-08-13
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J.P. Morgan Funds
J.P. Morgan Institutional Funds
J.P. Morgan Series Trust
Supplement dated August 13, 1998, as applicable to the following Prospectuses:

J.P. Morgan Fixed Income Funds, dated March 13, 1998
J.P. Morgan Institutional Fixed Income Funds, dated March 13, 1998

For  the  most  recent  information  on  Expenses,   Performance  and  Financial
Highlights  for the New York Total  Return Bond Fund and  California  Bond Fund,
please see each fund's individual prospectus dated August 3, 1998.



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