J.P. Morgan Funds
Supplement dated September 2, 1998 to the following Prospectuses:
J.P. Morgan Short Term Bond Fund, dated March 2, 1998
J.P. Morgan Bond Fund, dated March 2, 1998
J.P. Morgan Fixed Income Funds, dated March 13, 1998
Effective immediately, the Investments table is amended as follows:
* Permitted
0 Permitted but not typically used
-- Not permitted
<TABLE>
<CAPTION>
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<S> <C> <C>
Short Term Bond
Principal Types of Risk Bond
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Mortgages (directly held) Domestic debt credit, extension, interest rate,
instrument which gives the lender a lien on market, natural event, prepayment,
property as security for the loan repayment. valuation
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</TABLE>
