J.P. Morgan Institutional Funds
Supplement effective May 22, 2000, to the following Prospectus:
J.P. Morgan Money Market Reserves Funds, dated March 1, 2000
The address of the Shareholder Servicing Agent shown under the heading "Your
Investment" is changed. The new address is:
Morgan Christiana Center
J.P. Morgan Funds Services - 2/OPS3
500 Stanton Christiana Road
Newark, DE 19713
1-800-766-7722
<PAGE>
J.P. Morgan Institutional Funds
Supplement effective May 22, 2000, to the following Prospectus:
J.P. Morgan Institutional Money Market Funds, dated March 1, 2000
The address of the Shareholder Servicing Agent shown under the heading "Your
Investment" is changed. The new address is:
Morgan Christiana Center
J.P. Morgan Funds Services - 2/OPS3
500 Stanton Christiana Road
Newark, DE 19713
1-800-766-7722
<PAGE>
J.P. Morgan Institutional Funds
Supplement effective May 22, 2000, to the following Prospectus:
J.P. Morgan Institutional Service Money Market Funds, dated March 1, 2000
The address of the Shareholder Servicing Agent shown under the heading "Your
Investment" is changed. The new address is:
Morgan Christiana Center
J.P. Morgan Funds Services - 2/OPS3
500 Stanton Christiana Road
Newark, DE 19713
1-800-766-7722
<PAGE>
J.P. Morgan Institutional Funds
Supplement effective May 22, 2000, to the following Prospectus:
J.P. Morgan Institutional Direct Prime Money Market Fund, dated March 1, 2000
The address of the Shareholder Servicing Agent shown under the heading "Your
Investment" is changed. The new address is:
Morgan Christiana Center
J.P. Morgan Funds Services - 2/OPS3
500 Stanton Christiana Road
Newark, DE 19713
1-800-766-7722
