The JPM Pierpont Funds
Supplement dated May 12, 1997 to the Statement of Additional Information dated
April 30, 1997
The following Funds have changed their respective names:
From To
The JPM Pierpont Money Market Fund The JPM Pierpont Prime Money Market Fund
The JPM Pierpont Equity Fund The JPM Pierpont U.S. Equity Fund
The JPM Pierpont Capital Appreciation The JPM Pierpont U.S. Small Company Fund
Fund
The names of the Portfolios corresponding to the Money Market and Equity Funds
changed accordingly.
The Portfolio corresponding to the International Equity Fund has also changed
its name to The International Equity Portfolio.
