J.P. Morgan Funds
Supplement dated December 29, 1997 to the Statement of Additional Information
dated August 4, 1997.
A new Statement of Additional Information, dated December 29, 1997, has been
filed and is in effect for the J.P. Morgan Tax Exempt Bond Fund and the J.P.
Morgan Tax Exempt Money Market Fund. A copy of this new Statement of Additional
Information can be obtained, free of charge, by calling 1-800-766-7722. Please
disregard any references to these Funds in the attached Statement of Additional
Information dated August 4, 1997.
