JP MORGAN FUNDS
NSAR-A, 1999-07-30
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<PAGE>      PAGE  1
000 A000000 05/31/99
000 C000000 0000894089
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 J.P. MORGAN FUNDS
001 B000000 811-7340
001 C000000 6175570700
002 A000000 60 STATE STREET SUITE 1300
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 18
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C021200 J.P. MORGAN PRIME MONEY MARKET FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C021500 J.P. MORGAN EUROPEAN EQUITY FUND
007 C031500 N
007 C011600 16
007 C021600 J.P. MORGAN INTERNATIONAL OPPORTUNITIES FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
<PAGE>      PAGE  2
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
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007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
<PAGE>      PAGE  3
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
010 A00AA01 FUNDS DISTRIBUTOR, INC.
010 B00AA01 8-420518
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
010 A00AA02 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
010 B00AA02 8-49999999
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10036
010 A00AA03 PIERPONT GROUP, INC.
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10017
011 A00AA01 FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-420518
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK AND TRUST CO.
012 B00AA01 85-50003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
012 A00AA02 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
012 B00AA02 84-9999999
012 C01AA02 NEW YORK
012 C02AA02 NY
012 C03AA02 10036
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 FUNDS DISTRIBUTOR, INC.
014 B00AA01 8-420518
<PAGE>      PAGE  4
014 A00AA02 JP MORGAN SECURITIES, INC.
014 B00AA02 8-99999
014 A00AA03 JP MORGAN SECURITIES LTD.
014 B00AA03 8-99999
014 A00AA04 BOSTON INSTITUTIONAL SERVICES INC.
014 B00AA04 8-99999
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   69
019 C00AA00 J.P MORGAN
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 THE PRIME MONEY MARKET PORTFOLIO
022 B000001 04-3194414
022 C000001  12283953
022 D000001  12270927
022 A000002 THE INTERNATIONAL OPPORTUNITIES PORTFOLIO
022 B000002 98-0165901
022 C000002     30209
022 D000002     39270
022 A000003 THE EUROPEAN EQUITY PORTFOLIO
022 B000003 98-0150124
022 C000003      2548
022 D000003      4426
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
<PAGE>      PAGE  5
022 C000010         0
022 D000010         0
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023 D000000   12314623
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025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
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025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
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031 B00AA00      0
032  00AA00      0
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035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
041  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
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043  00AA00      0
044  00AA00      0
045  00AA00 N
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<PAGE>      PAGE  6
048 A01AA00        0
048 A02AA00 0.000
048 B01AA00        0
048 B02AA00 0.000
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
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048 F01AA00        0
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048 G01AA00        0
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048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
<PAGE>      PAGE  7
077 A000000 N
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A011200   2275113
028 A021200      7992
028 A031200         0
028 A041200   2258908
028 B011200   2325894
028 B021200      8096
028 B031200         0
028 B041200   2021433
028 C011200   1874043
028 C021200      7001
028 C031200         0
028 C041200   1905290
028 D011200   1810199
028 D021200      7244
028 D031200         0
028 D041200   2078302
028 E011200   1997652
028 E021200      6915
028 E031200         0
028 E041200   2088722
028 F011200   2001052
028 F021200      6853
028 F031200         0
028 F041200   1918272
028 G011200  12283953
028 G021200     44101
028 G031200         0
028 G041200  12270927
028 H001200         0
058 A001200 N
059  001200 Y
060 A001200 Y
<PAGE>      PAGE  8
060 B001200 Y
061  001200     2500
070 A011200 Y
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200         0
071 B001200         0
071 C001200         0
071 D001200    0
072 A001200  6
072 B001200        0
072 C001200        0
072 D001200        0
072 E001200    74444
072 F001200        0
072 G001200      445
072 H001200        0
072 I001200     3828
<PAGE>      PAGE  9
072 J001200        0
072 K001200        0
072 L001200        8
072 M001200       15
072 N001200       90
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200        6
072 S001200       12
072 T001200        0
072 U001200        0
072 V001200        0
072 W001200       20
072 X001200     4424
072 Y001200        0
072 Z001200    70020
072AA001200        0
072BB001200      132
072CC011200        0
072CC021200        0
072DD011200    69883
072DD021200        0
072EE001200        0
073 A011200   0.0233
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
074 A001200        0
074 B001200        0
074 C001200        0
074 D001200        0
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200  2868233
074 J001200        0
074 K001200        0
074 L001200        0
074 M001200       19
074 N001200  2868252
074 O001200        0
074 P001200      677
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200     3955
074 S001200        0
074 T001200  2863620
<PAGE>      PAGE  10
074 U011200  2863784
074 U021200        0
074 V011200     1.00
074 V021200     0.00
074 W001200   0.9999
074 X001200     3412
074 Y001200        0
075 A001200  3000037
075 B001200        0
076  001200     0.00
071 A001300         0
071 B001300         0
071 C001300         0
071 D001300    0
072 A001300  0
072 B001300        0
072 C001300        0
072 D001300        0
072 E001300        0
072 F001300        0
072 G001300        0
072 H001300        0
028 A011500       669
028 A021500       223
028 A031500         0
028 A041500       913
028 B011500       881
028 B021500         0
028 B031500         0
028 B041500       364
028 C011500       121
028 C021500         0
028 C031500         0
028 C041500       859
028 D011500       274
028 D021500         0
028 D031500         0
028 D041500      1392
028 E011500       174
028 E021500         0
028 E031500         0
028 E041500       683
028 F011500       206
028 F021500         0
028 F031500         0
028 F041500       215
028 G011500      2325
028 G021500       223
028 G031500         0
028 G041500      4426
028 H001500         0
<PAGE>      PAGE  11
058 A001500 N
059  001500 Y
060 A001500 Y
060 B001500 Y
061  001500     2500
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 Y
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500         0
071 B001500         0
071 C001500         0
071 D001500    0
072 A001500  6
072 B001500        0
072 C001500        0
072 D001500        0
072 E001500       99
072 F001500        0
<PAGE>      PAGE  12
072 G001500        2
072 H001500        0
072 I001500       18
072 J001500        0
072 K001500        0
072 L001500        8
072 M001500        0
072 N001500        4
072 O001500        0
072 P001500        0
072 Q001500        0
072 R001500        6
072 S001500        0
072 T001500        0
072 U001500        0
072 V001500        0
072 W001500       14
072 X001500       52
072 Y001500       21
072 Z001500       68
072AA001500       76
072BB001500        0
072CC011500       72
072CC021500        0
072DD011500      192
072DD021500        0
072EE001500       68
073 A011500   0.2000
073 A021500   0.0000
073 B001500   0.0700
073 C001500   0.0000
074 A001500        0
074 B001500        0
074 C001500        0
074 D001500        0
074 E001500        0
074 F001500        0
074 G001500        0
074 H001500        0
074 I001500    12953
074 J001500        0
074 K001500        0
074 L001500       62
074 M001500        5
074 N001500    13020
074 O001500        0
074 P001500        3
074 Q001500        0
074 R011500        0
074 R021500        0
074 R031500        0
<PAGE>      PAGE  13
074 R041500       38
074 S001500        0
074 T001500    12979
074 U011500      844
074 U021500        0
074 V011500    15.37
074 V021500     0.00
074 W001500   0.0000
074 X001500      239
074 Y001500        0
075 A001500        0
075 B001500    14514
076  001500     0.00
028 A011600      6419
028 A021600      1092
028 A031600         0
028 A041600      8369
028 B011600      4549
028 B021600         0
028 B031600         0
028 B041600      6593
028 C011600      2925
028 C021600         0
028 C031600         0
028 C041600      4195
028 D011600      5216
028 D021600         0
028 D031600         0
028 D041600     10524
028 E011600      4071
028 E021600         0
028 E031600         0
028 E041600      5062
028 F011600      5937
028 F021600         0
028 F031600         0
028 F041600      4527
028 G011600     29117
028 G021600      1092
028 G031600         0
028 G041600     39270
028 H001600         0
058 A001600 N
059  001600 Y
060 A001600 Y
060 B001600 Y
061  001600     2500
070 A011600 Y
070 A021600 N
070 B011600 Y
070 B021600 N
<PAGE>      PAGE  14
070 C011600 Y
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 Y
070 L011600 Y
070 L021600 N
070 M011600 Y
070 M021600 N
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600         0
071 B001600         0
071 C001600         0
071 D001600    0
072 A001600  6
072 B001600        0
072 C001600        0
072 D001600        0
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072 G001600        8
072 H001600        0
072 I001600       80
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072 K001600        0
072 L001600        8
072 M001600        1
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<PAGE>      PAGE  15
072 P001600        0
072 Q001600        0
072 R001600        5
072 S001600        1
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072 U001600        1
072 V001600        0
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072 X001600      118
072 Y001600       21
072 Z001600      251
072AA001600     1219
072BB001600        0
072CC011600     3618
072CC021600        0
072DD011600     1234
072DD021600        0
072EE001600        0
073 A011600   0.2300
073 A021600   0.0000
073 B001600   0.0000
073 C001600   0.0000
074 A001600        0
074 B001600        0
074 C001600        0
074 D001600        0
074 E001600        0
074 F001600        0
074 G001600        0
074 H001600        0
074 I001600    50302
074 J001600        0
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074 L001600      108
074 M001600       27
074 N001600    50444
074 O001600        0
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074 S001600        0
074 T001600    49843
074 U011600     4618
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074 V011600    10.79
074 V021600     0.00
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<PAGE>      PAGE  16
074 Y001600        0
075 A001600        0
075 B001600    52379
076  001600     0.00
SIGNATURE   GEORGE A RIO
TITLE       ASST. 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
report dated May 31, 1999 for the J.P. Morgan International Opportunities 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>                          NOV-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                           50302
<RECEIVABLES>                                      115
<ASSETS-OTHER>                                      27
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   50444
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          601
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         49818
<SHARES-COMMON-STOCK>                             4618
<SHARES-COMMON-PRIOR>                             5484
<ACCUMULATED-NII-CURRENT>                          118
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (5471)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                     49843
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                     348
<EXPENSES-NET>                                      97
<NET-INVESTMENT-INCOME>                            251
<REALIZED-GAINS-CURRENT>                          1219
<APPREC-INCREASE-CURRENT>                         3618
<NET-CHANGE-FROM-OPS>                             5088
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1234
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2799
<NUMBER-OF-SHARES-REDEEMED>                       3776
<SHARES-REINVESTED>                                112
<NET-CHANGE-IN-ASSETS>                          (5207)
<ACCUMULATED-NII-PRIOR>                           1101
<ACCUMULATED-GAINS-PRIOR>                       (6690)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    118
<AVERAGE-NET-ASSETS>                             52379
<PER-SHARE-NAV-BEGIN>                            10.04
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                            .93
<PER-SHARE-DIVIDEND>                               .23
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.79
<EXPENSE-RATIO>                                   1.20
[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 May 31, 1999 for the J.P. Morgan European 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>                          NOV-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          12,953
<RECEIVABLES>                                       62
<ASSETS-OTHER>                                       5
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  13,020
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           41
<TOTAL-LIABILITIES>                                 41
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        12,718
<SHARES-COMMON-STOCK>                              844
<SHARES-COMMON-PRIOR>                              966
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                              13
<ACCUMULATED-NET-GAINS>                          (204)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           479
<NET-ASSETS>                                    12,980
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                      99
<EXPENSES-NET>                                      31
<NET-INVESTMENT-INCOME>                             68
<REALIZED-GAINS-CURRENT>                            76
<APPREC-INCREASE-CURRENT>                           72
<NET-CHANGE-FROM-OPS>                              216
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          192
<DISTRIBUTIONS-OF-GAINS>                            68
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,325
<NUMBER-OF-SHARES-REDEEMED>                      4,426
<SHARES-REINVESTED>                                223
<NET-CHANGE-IN-ASSETS>                           1,922
<ACCUMULATED-NII-PRIOR>                            111
<ACCUMULATED-GAINS-PRIOR>                        (212)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     53
<AVERAGE-NET-ASSETS>                            14,514
<PER-SHARE-NAV-BEGIN>                            15.42
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                            .15
<PER-SHARE-DIVIDEND>                               .20
<PER-SHARE-DISTRIBUTIONS>                          .07
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.37
<EXPENSE-RATIO>                                   1.42
[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 May 31, 1999 for the J.P. Morgan Prime Money Market 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>                          NOV-30-1999
<PERIOD-END>                               MAY-31-1999
<INVESTMENTS-AT-COST>                          2868233
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 2868252
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4632
<TOTAL-LIABILITIES>                               4632
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       2864144
<SHARES-COMMON-STOCK>                          2863784
<SHARES-COMMON-PRIOR>                          2806657
<ACCUMULATED-NII-CURRENT>                        (213)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (311)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   2863620
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                   74444
<EXPENSES-NET>                                    4424
<NET-INVESTMENT-INCOME>                          70020
<REALIZED-GAINS-CURRENT>                         (132)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            69888
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        69883
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       12283953
<NUMBER-OF-SHARES-REDEEMED>                   12270927
<SHARES-REINVESTED>                              44101
<NET-CHANGE-IN-ASSETS>                           57132
<ACCUMULATED-NII-PRIOR>                           (81)
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       (448)
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4424
<AVERAGE-NET-ASSETS>                           3000037
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.023
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        0.023
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.45
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>


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