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
report dated April 30, 2000 for the J.P. Morgan Treasury Money Market Reserves
Fund and is qualified in its entirity by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 159620
<RECEIVABLES> 26
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159646
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 739
<TOTAL-LIABILITIES> 739
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 158927
<SHARES-COMMON-STOCK> 158927
<SHARES-COMMON-PRIOR> 88636
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (20)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 158907
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2262
<OTHER-INCOME> 0
<EXPENSES-NET> 208
<NET-INVESTMENT-INCOME> 2054
<REALIZED-GAINS-CURRENT> (12)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2042
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2054
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 398700
<NUMBER-OF-SHARES-REDEEMED> 329589
<SHARES-REINVESTED> 1179
<NET-CHANGE-IN-ASSETS> 70278
<ACCUMULATED-NII-PRIOR> (8)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 280
<AVERAGE-NET-ASSETS> 83850
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .024
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .024
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .70
</TABLE>
