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CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated July 14, 2000, relating to the
financial statements and financial highlights which appear in the May 31, 2000
Annual Report to Trustees and Shareholders of J.P. Morgan Institutional U.S.
Small Company Fund, J.P. Morgan Institutional U.S. Equity Fund, J.P. Morgan
Institutional Disciplined Equity Fund and J.P. Morgan Disciplined Equity Fund -
Advisor Series, which is also incorporated by reference into the Registration
Statement. We also consent to the references to us under the headings
"Independent Accountants", "Financial Statements" and "Financial Highlights" in
such Registration Statement.
PricewaterhouseCoopers LLP
New York, New York
September 28, 2000
