THE JPM PIERPONT FUNDS
Supplement dated January 17, 1997 to the Statement of Additional Information
dated December 27, 1996 and the following Prospectuses:
The JPM Pierpont Funds, dated December 27, 1996
The JPM Pierpont Treasury Money Market Fund, dated March 1, 1996 as supplemented
December 27, 1996
The name of The JPM Pierpont Treasury Money Market Fund was changed to "The JPM
Pierpont Federal Money Market Fund," and the name of the Fund's corresponding
Portfolio was changed to "The Federal Money Market Portfolio." The investment
objective, policies and restrictions of the Fund and the Portfolio remain
unchanged.