WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial data extracted from the annual report dated
October 31,2000 for the J.P. Morgan Institutional International Equity Fund
and is qualified in its entirety by reference to such annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 428582
<RECEIVABLES> 4438
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 433022
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 237
<TOTAL-LIABILITIES> 237
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 347753
<SHARES-COMMON-STOCK> 35243
<SHARES-COMMON-PRIOR> 34742
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 744
<ACCUMULATED-NET-GAINS> 34654
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 51122
<NET-ASSETS> 432785
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 7167
<EXPENSES-NET> 4699
<NET-INVESTMENT-INCOME> 2468
<REALIZED-GAINS-CURRENT> 34621
<APPREC-INCREASE-CURRENT> (56384)
<NET-CHANGE-FROM-OPS> (19295)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5509
<DISTRIBUTIONS-OF-GAINS> 17820
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23796
<NUMBER-OF-SHARES-REDEEMED> 24432
<SHARES-REINVESTED> 1137
<NET-CHANGE-IN-ASSETS> (38409)
<ACCUMULATED-NII-PRIOR> 3081
<ACCUMULATED-GAINS-PRIOR> 17080
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4699
<AVERAGE-NET-ASSETS> 493025
<PER-SHARE-NAV-BEGIN> 13.56
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.66)
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0.51
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.28
<EXPENSE-RATIO> 0.95
</TABLE>
