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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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072 Q000500 0
<PAGE> PAGE 21
072 R000500 6
072 S000500 1
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 2
072 X000500 77
072 Y000500 21
072 Z000500 60
072AA000500 0
072BB000500 5054
072CC010500 12035
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072DD010500 1600
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073 A010500 0.4300
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073 C000500 0.0000
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074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 0
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074 H000500 0
074 I000500 34464
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074 L000500 124
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<PAGE> PAGE 22
075 B000500 26137
076 000500 0.00
028 A012100 573
028 A022100 27
028 A032100 0
028 A042100 131
028 B012100 751
028 B022100 31
028 B032100 0
028 B042100 811
028 C012100 414
028 C022100 40
028 C032100 0
028 C042100 1114
028 D012100 1086
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028 D042100 1073
028 E012100 524
028 E022100 39
028 E032100 0
028 E042100 359
028 F012100 199
028 F022100 41
028 F032100 0
028 F042100 437
028 G012100 3547
028 G022100 215
028 G032100 0
028 G042100 3925
028 H002100 0
055 A002100 N
055 B002100 N
056 002100 N
057 002100 N
058 A002100 N
059 002100 Y
060 A002100 Y
060 B002100 Y
061 002100 2500
070 A012100 Y
070 A022100 N
070 B012100 N
070 B022100 N
070 C012100 Y
070 C022100 N
070 D012100 N
070 D022100 N
070 E012100 Y
070 E022100 N
070 F012100 N
<PAGE> PAGE 23
070 F022100 N
070 G012100 Y
070 G022100 N
070 H012100 N
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 N
070 K012100 Y
070 K022100 Y
070 L012100 Y
070 L022100 N
070 M012100 Y
070 M022100 N
070 N012100 Y
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 Y
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 Y
070 R022100 N
071 A002100 0
071 B002100 0
071 C002100 0
071 D002100 0
072 A002100 6
072 B002100 0
072 C002100 0
072 D002100 0
072 E002100 348
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072 G002100 2
072 H002100 0
072 I002100 24
072 J002100 0
072 K002100 0
072 L002100 6
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072 N002100 7
072 O002100 0
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<PAGE> PAGE 24
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073 A012100 0.2800
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074 I002100 10179
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074 K002100 4
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076 002100 0.00
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<PAGE> PAGE 25
071 D003100 0
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073 A013200 0.0000
073 A023200 0.0000
073 B003200 0.0000
073 C003200 0.0000
SIGNATURE GEORGE A. RIO
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
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qualified in its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
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<REALIZED-GAINS-CURRENT> (17)
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<NET-CHANGE-IN-ASSETS> 317247
<ACCUMULATED-NII-PRIOR> 0
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<AVERAGE-NET-ASSETS> 692145
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<PER-SHARE-NII> .023
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<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .47
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semiannual
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and is qualified in its entirety by reference to such semiannual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-13-1999
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<SHARES-REINVESTED> 22
<NET-CHANGE-IN-ASSETS> (13)
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<GROSS-EXPENSE> 52
<AVERAGE-NET-ASSETS> 10463
<PER-SHARE-NAV-BEGIN> 9.77
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<PER-SHARE-NAV-END> 9.90
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[AVG-DEBT-OUTSTANDING] 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated April 30, 1999 for the J.P. Morgan Bond Fund and is qualified in
its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
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<ACCUM-APPREC-OR-DEPREC> (1214)
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<APPREC-INCREASE-CURRENT> (5347)
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<NUMBER-OF-SHARES-SOLD> 5647
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<NET-CHANGE-IN-ASSETS> (10088)
<ACCUMULATED-NII-PRIOR> 130
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 347
<AVERAGE-NET-ASSETS> 211612
<PER-SHARE-NAV-BEGIN> 10.59
<PER-SHARE-NII> .3
<PER-SHARE-GAIN-APPREC> (.22)
<PER-SHARE-DIVIDEND> .3
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<RETURNS-OF-CAPITAL> 0
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<EXPENSE-RATIO> .69
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extacted from the semi-annual
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qualified in its entirety by reference to such semi-annual report.
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<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
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<RECEIVABLES> 53
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<ACCUM-APPREC-OR-DEPREC> (198)
<NET-ASSETS> 39350
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<NET-INVESTMENT-INCOME> 908
<REALIZED-GAINS-CURRENT> 126
<APPREC-INCREASE-CURRENT> (450)
<NET-CHANGE-FROM-OPS> 584
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 151
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<NUMBER-OF-SHARES-SOLD> 13881
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<SHARES-REINVESTED> 862
<NET-CHANGE-IN-ASSETS> 8366
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 139
<AVERAGE-NET-ASSETS> 34646
<PER-SHARE-NAV-BEGIN> 9.98
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> 0.26
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.84
<EXPENSE-RATIO> .54
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
report dated April 30, 1999 for the J.P. Morgan Emerging Markets Equity Fund and
is qualified in its entirety by reference to such semi-annual report
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 34464
<RECEIVABLES> 2
<ASSETS-OTHER> 125
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34591
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 72
<TOTAL-LIABILITIES> 72
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48817
<SHARES-COMMON-STOCK> 4651
<SHARES-COMMON-PRIOR> 3743
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (626)
<ACCUMULATED-NET-GAINS> (24246)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10574
<NET-ASSETS> 34519
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 116
<EXPENSES-NET> 56
<NET-INVESTMENT-INCOME> 60
<REALIZED-GAINS-CURRENT> (5054)
<APPREC-INCREASE-CURRENT> 12035
<NET-CHANGE-FROM-OPS> 7041
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1600)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3902
<NUMBER-OF-SHARES-REDEEMED> 3225
<SHARES-REINVESTED> 232
<NET-CHANGE-IN-ASSETS> 11132
<ACCUMULATED-NII-PRIOR> 914
<ACCUMULATED-GAINS-PRIOR> (19193)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 77
<AVERAGE-NET-ASSETS> 26137
<PER-SHARE-NAV-BEGIN> 6.25
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 1.56
<PER-SHARE-DIVIDEND> (0.43)
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 7.42
<EXPENSE-RATIO> 1.75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the semi-annual
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qualified in its entirety by reference to such semi-annual report
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1999
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<INVESTMENTS-AT-VALUE> 66274
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<TOTAL-LIABILITIES> 379
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47221
<SHARES-COMMON-STOCK> 5721
<SHARES-COMMON-PRIOR> 7241
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 451
<ACCUMULATED-NET-GAINS> 1993
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17134
<NET-ASSETS> 65897
<DIVIDEND-INCOME> 514
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<REALIZED-GAINS-CURRENT> 2489
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<NET-CHANGE-IN-ASSETS> (10575)
<ACCUMULATED-NII-PRIOR> 1491
<ACCUMULATED-GAINS-PRIOR> 1525
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 435
<AVERAGE-NET-ASSETS> 70977
<PER-SHARE-NAV-BEGIN> 10.56
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<PER-SHARE-NAV-END> 11.52
<EXPENSE-RATIO> 1.24
[AVG-DEBT-OUTSTANDING] 0
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</TABLE>
