The JPM Pierpont Funds
Supplement dated October 1, 1997 to the Statement of Additional Information
dated August 4, 1997 (Supersedes supplement dated September 26, 1997)
A new Statement of Additional Information, dated October 1, 1997, has been filed
and is in effect for The JPM Pierpont Diversified Fund. A copy of this new
Statement of Additional Information can be obtained, free of charge, by calling
1-800-521-5411. Please disregard any references to this Fund in the attached
Statement of Additional Information dated August 4, 1997.
A new Statement of Additional Information, dated September 26, 1997, has been
filed and is in effect for The JPM Pierpont U.S. Equity Fund and The JPM
Pierpont U.S. Small Company Fund. A copy of this new Statement of Additional
Information can be obtained, free of charge, by calling 1-800-521-5411. Please
disregard any references to these Funds in the attached Statement of Additional
Information dated August 4, 1997.
