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J.P. Morgan Funds
Supplement dated August 4, 1999, to the following Statement of Additional
Information:
J.P. Morgan Short Term Bond Fund, dated August 2, 1999
J.P. Morgan Global Strategic Income Fund, dated August 2, 1999
The following replaces the third paragraph under the heading "Expenses":
These limits do not cover extraordinary expenses. These reimbursement
arrangements will continue through at least February 28, 2001.
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