J.P. Morgan Funds
J.P. Morgan Institutional Funds
Supplement dated October 29, 1999 to the following Statements of Additional
Information ("SAI"):
J.P. Morgan and J.P. Morgan Institutional Disciplined Equity Fund (combined
SAIs), each dated October 1, 1999
J.P. Morgan and J.P. Morgan Institutional U.S. Equity Fund (combined SAIs),
each dated October 1, 1999
J.P. Morgan and J.P. Morgan Institutional U.S. Small Company Fund (combined
SAIs), each dated October 1, 1999
J.P. Morgan U.S. Small Company Opportunities Fund (combined SAI), dated October
1, 1999
The following replaces the section under the heading "Custodian and Transfer
Agent":
The Bank of New York ("BONY"), One Wall Street, New York, New York
10286, serves as the Trust's and each of the Portfolio's custodian and
fund accounting agent. Pursuant to the Custodian and Fund Accounting
Agreements, BONY is responsible for maintaining the books of account
and records of portfolio transactions and holding portfolio securities
and cash. The custodian maintains portfolio transaction records.
State Street Bank and Trust Company ("State Street"), 225 Franklin
Street, Boston, Massachusetts 02110, serves as each Fund's transfer and
dividend disbursing agent. As transfer agent and dividend disbursing
agent, State Street is responsible for maintaining account records
detailing the ownership of Fund shares and for crediting income,
capital gains and other changes in share ownership to shareholder
accounts. Prior to October 18, 1999, State Street also served as
custodian and fund accounting agent for the Trust and the Portfolios.
<PAGE>
J.P. Morgan Funds
J.P. Morgan Institutional Funds
J.P. Morgan Series Trust
Supplement dated October 29, 1999 to the following Statements of Additional
Information ("SAI"):
J.P. Morgan and J.P. Morgan Institutional International Equity Fund (combined
SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional Emerging Markets Equity Fund (combined
SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional International Opportunities Fund
(combined SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional European Equity Fund (combined SAIs),
each dated March 1, 1999
J.P. Morgan Prime Money Market Fund (combined SAI), dated March 1, 1999
J.P. Morgan Federal Money Market Fund (combined SAI), dated March 1, 1999
J.P. Morgan Tax Exempt Money Market Fund, dated March 1, 1999
J.P. Morgan Institutional and J.P. Morgan Institutional Service Prime Money
Market Fund (combined SAIs), each dated March 1, 1999 (as revised July 22,
1999)
J.P. Morgan Institutional and J.P. Morgan Institutional Service Federal Money
Market Fund (combined SAIs), each dated March 1, 1999 (as revised July 22,
1999)
J.P. Morgan Institutional and J.P. Morgan Institutional Service Tax Exempt Money
Market Fund, each dated March 1, 1999 (as revised July 22, 1999)
J.P. Morgan Institutional and J.P. Morgan Institutional Service Treasury Money
Market Fund (combined SAIs), each dated March 1, 1999 (as revised July 22,
1999)
J.P. Morgan Prime Money Market Reserves Fund (combined SAI), dated May 3, 1999
(as revised July 22, 1999)
J.P. Morgan Treasury Money Market Reserves Fund (combined SAI), dated
May 3, 1999 (as revised July 22, 1999)
J.P. Morgan Institutional Bond Fund - Ultra, dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional Short Term Bond Fund (combined SAI),
each dated August 2, 1999
J.P. Morgan and J.P. Morgan Institutional Bond Fund (combined SAI), each dated
August 2, 1999
J.P. Morgan and J.P. Morgan Institutional Global Strategic Bond Fund (combined
SAI), each dated August 2, 1999
J.P. Morgan California Bond Fund, dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional Disciplined Equity Fund (combined
SAI), each dated October 1, 1999
J.P. Morgan and J.P. Morgan Institutional U.S. Equity Fund (combined SAI),
each dated October 1, 1999
J.P. Morgan and J.P. Morgan Institutional U.S. Small Company Fund (combined
SAI), each dated October 1, 1999
J.P. Morgan U.S. Small Company Opportunities Fund (combined SAI), dated
October 1, 1999 J.P. Morgan Global 50 Fund, dated March 1, 1999
The last sentence of the section under the heading "Additional Investments:
When-Issued and Delayed Delivery Securities" is deleted.
