JP MORGAN FUNDS
NSAR-A, 2000-01-28
Previous: JP MORGAN INSTITUTIONAL FUNDS, NSAR-B, 2000-01-28
Next: JP MORGAN FUNDS, NSAR-B, 2000-01-28



<PAGE>      PAGE  1
000 A000000 11/30/99
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 THE 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 C020900 J.P.MORGAN DISCIPLINED EQUITY FUND
007 C030900 N
007 C011000 10
007 C021000 J.P. MORGAN U.S. EQUITY FUND
007 C031000 N
007 C011100 11
007 C021100 J.P. MORGAN U.S. SMALL COMPANY FUND
007 C031100 N
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C021900 J.P. MORGAN U.S. SMALL CO. OPPORTUNITIES FUND
007 C031900 N
007 C012000 20
007 C012100 21
<PAGE>      PAGE  2
007 C012200 22
007 C012300 23
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
007 C014600 46
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
<PAGE>      PAGE  3
007 C017300 73
007 C017400 74
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
008 A00AA01 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B00AA01 A
008 C00AA01 801-999999
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10036
010 A00AA01 FUNDS DISTRIBUTOR,INC.
010 B00AA01 84-20518
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02109
010 A00AA02 PIERPONT GROUP,INC.
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10017
010 A00AA03 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10036
011 A00AA01 FUNDS DISTRIBUTOR,INC.
011 B00AA01 8-420518
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK & TRUST COMPANY
012 B00AA01 85-50003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
012 A00AA02 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
012 B00AA02 85-99999
012 C01AA02 NEW YORK
012 C02AA02 NY
<PAGE>      PAGE  4
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
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 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10007
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 U.S. SMALL CO. PORTFOLIO
022 B000001 04-3194469
022 C000001     88338
022 D000001    118991
022 A000002 THE U.S.EQUITY PORTFOLIO
022 B000002 04-3194421
022 C000002     31887
022 D000002     44854
022 A000003 THE U.S SMALL CO. OPPORTUNITIES PORTFOLIO
022 B000003 98-0165587
022 C000003    118752
022 D000003     73074
022 A000004 THE DISCIPLINED EQUITY PORTFOLIO
022 B000004 98-0165355
022 C000004    101938
022 D000004     44762
022 C000005         0
<PAGE>      PAGE  5
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
022 C000010         0
022 D000010         0
023 C000000     647610
023 D000000     598153
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
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
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
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
<PAGE>      PAGE  6
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
048  00AA00  0.000
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
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
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
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
<PAGE>      PAGE  7
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 NATIONAL UNION
080 C00AA00    25000
081 B00AA00   0
082 B00AA00       25
083 A00AA00 N
083 B00AA00        0
<PAGE>      PAGE  8
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
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
055 A000500 N
055 B000500 N
056  000500 N
057  000500 N
058 A000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
061  000500     2500
071 A000500         0
071 B000500         0
071 C000500         0
071 D000500    0
072 A000500  6
072 B000500        0
072 C000500        0
072 D000500        0
072 E000500      -19
072 F000500        0
072 G000500        7
072 H000500        0
072 I000500       68
072 J000500        0
072 K000500        0
072 L000500        6
072 M000500        0
072 N000500       12
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        6
072 S000500        0
072 T000500        0
072 U000500        1
072 V000500        0
<PAGE>      PAGE  9
072 W000500        3
072 X000500      103
072 Y000500       33
072 Z000500      -89
072AA000500        0
072BB000500      972
072CC010500     1738
072CC020500        0
072DD010500        0
072DD020500        0
072EE000500        0
073 A010500   0.0000
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500    94605
074 J000500        0
074 K000500       18
074 L000500        1
074 M000500        0
074 N000500    94624
074 O000500        0
074 P000500       36
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       22
074 S000500        0
074 T000500    94566
074 U010500     8320
074 U020500        0
074 V010500    11.37
074 V020500     0.00
074 W000500   0.0000
074 X000500      558
074 Y000500        0
075 A000500        0
075 B000500    50571
076  000500     0.00
028 A010700     20697
028 A020700         0
028 A030700         0
<PAGE>      PAGE  10
028 A040700      7158
028 B010700     22299
028 B020700         0
028 B030700         0
028 B040700      5608
028 C010700     20602
028 C020700         0
028 C030700         0
028 C040700      1838
028 D010700     16832
028 D020700         0
028 D030700         0
028 D040700      4330
028 E010700     14725
028 E020700         0
028 E030700         0
028 E040700      1988
028 F010700     13596
028 F020700         0
028 F030700         0
028 F040700      4818
028 G010700    108751
028 G020700         0
028 G030700         0
028 G040700     25740
028 H000700         0
071 A000700    231360
071 B000700     72601
071 C000700         0
071 D000700   73
072 A000700 11
072 B000700      529
072 C000700      273
072 D000700        0
072 E000700        0
072 F000700      597
072 G000700       33
072 H000700        0
072 I000700        0
072 J000700      161
072 K000700        0
072 L000700        6
072 M000700        0
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700       41
072 S000700        0
072 T000700        0
072 U000700        2
<PAGE>      PAGE  11
072 V000700        0
072 W000700        0
072 X000700      842
072 Y000700        4
072 Z000700      -36
072AA000700     4884
072BB000700        0
072CC010700     7519
072CC020700        0
072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700      213
074 B000700        0
074 C000700    16677
074 D000700     1664
074 E000700      336
074 F000700   169162
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700     1633
074 K000700        7
074 L000700       44
074 M000700        0
074 N000700   189737
028 A010900      4704
028 A020900       244
028 A030900         0
028 A040900      7414
028 B010900     59005
028 B020900         0
028 B030900         0
028 B040900     16600
028 C010900     13565
028 C020900       169
028 C030900         0
028 C040900      6704
028 D010900      7045
028 D020900         0
028 D030900         0
028 D040900      5885
028 E010900      6118
028 E020900         0
028 E030900         0
028 E040900      5487
028 F010900     11501
<PAGE>      PAGE  12
028 F020900         0
028 F030900         0
028 F040900      2672
028 G010900    101938
028 G020900       413
028 G030900         0
028 G040900     44762
028 H000900         0
055 A000900 N
055 B000900 N
056  000900 N
057  000900 N
058 A000900 N
059  000900 Y
060 A000900 N
060 B000900 N
061  000900    10000
071 A000900         0
071 B000900         0
071 C000900         0
071 D000900    0
072 A000900  6
072 B000900        0
072 C000900        0
072 D000900        0
072 E000900      822
072 F000900        0
072 G000900       22
072 H000900        0
072 I000900      193
072 J000900        0
072 K000900        0
072 L000900        7
072 M000900        1
072 N000900       10
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900        5
072 S000900        1
072 T000900        0
072 U000900        1
072 V000900        0
072 W000900       12
072 X000900      252
072 Y000900        5
072 Z000900      575
072AA000900     4727
072BB000900        0
072CC010900        0
072CC020900     1503
<PAGE>      PAGE  13
072DD010900      433
072DD020900        0
072EE000900        0
073 A010900   0.0900
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        0
074 B000900        0
074 C000900        0
074 D000900        0
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900   181670
074 J000900        0
074 K000900        1
074 L000900      188
074 M000900        5
074 N000900   181864
074 O000900        0
074 P000900       51
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      266
074 S000900        0
074 T000900   181547
074 U010900     9532
074 U020900        0
074 V010900    19.05
074 V020900     0.00
074 W000900   0.0000
074 X000900      431
074 Y000900        0
075 A000900        0
075 B000900   154019
076  000900     0.00
028 A011000      3986
028 A021000       475
028 A031000         0
028 A041000      9264
028 B011000      6280
028 B021000         0
028 B031000         0
028 B041000      5992
028 C011000      4631
028 C021000       313
028 C031000         0
<PAGE>      PAGE  14
028 C041000      6443
028 D011000      7576
028 D021000         0
028 D031000         0
028 D041000      5364
028 E011000      3522
028 E021000         0
028 E031000         0
028 E041000      7120
028 F011000      5104
028 F021000         0
028 F031000         0
028 F041000     10671
028 G011000     31099
028 G021000       788
028 G031000         0
028 G041000     44854
028 H001000         0
055 A001000 N
055 B001000 N
056  001000 N
057  001000 N
058 A001000 N
059  001000 Y
060 A001000 Y
060 B001000 Y
061  001000     2500
071 A001000         0
071 B001000         0
071 C001000         0
071 D001000    0
072 A001000  6
072 B001000        0
072 C001000        0
072 D001000        0
072 E001000     2188
072 F001000        0
072 G001000       63
072 H001000        0
072 I001000      594
072 J001000        0
072 K001000        0
072 L001000        6
072 M001000        2
072 N001000       10
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000        6
072 S001000        1
072 T001000        0
<PAGE>      PAGE  15
072 U001000        0
072 V001000        0
072 W001000       17
072 X001000      699
072 Y001000        0
072 Z001000     1489
072AA001000    10068
072BB001000        0
072CC011000        0
072CC021000     4311
072DD011000      873
072DD021000        0
072EE001000        0
073 A011000   0.0500
073 A021000   0.0000
073 B001000   0.0000
073 C001000   0.0000
074 A001000        0
074 B001000        0
074 C001000        0
074 D001000        0
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000   435009
074 J001000        0
074 K001000        0
074 L001000      200
074 M001000        7
074 N001000   435216
074 O001000        0
074 P001000       99
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      746
074 S001000        0
074 T001000   434371
074 U011000    17074
074 U021000        0
074 V011000    25.44
074 V021000     0.00
074 W001000   0.0000
074 X001000     1984
074 Y001000        0
075 A001000        0
075 B001000   439211
076  001000     0.00
028 A011100      6498
<PAGE>      PAGE  16
028 A021100        68
028 A031100         0
028 A041100      8619
028 B011100     16595
028 B021100         0
028 B031100         0
028 B041100     10959
028 C011100      5930
028 C021100         0
028 C031100         0
028 C041100      7269
028 D011100     15570
028 D021100         0
028 D031100         0
028 D041100     10935
028 E011100     12998
028 E021100         0
028 E031100         0
028 E041100      6405
028 F011100      9880
028 F021100         0
028 F031100         0
028 F041100     10937
028 G011100     67471
028 G021100        68
028 G031100         0
028 G041100     55124
028 H001100         0
055 A001100 N
055 B001100 N
056  001100 N
057  001100 N
058 A001100 N
059  001100 Y
060 A001100 Y
060 B001100 Y
061  001100     2500
071 A001100         0
071 B001100         0
071 C001100         0
071 D001100    0
072 A001100  6
072 B001100        0
072 C001100        0
072 D001100        0
072 E001100      575
072 F001100        0
072 G001100       30
072 H001100        0
072 I001100      288
072 J001100        0
<PAGE>      PAGE  17
072 K001100        0
072 L001100        6
072 M001100        1
072 N001100        0
072 O001100        0
072 P001100        0
072 Q001100        0
072 R001100        5
072 S001100        1
072 T001100        0
072 U001100        0
072 V001100        0
072 W001100       15
072 X001100      346
072 Y001100        0
072 Z001100      229
072AA001100    11528
072BB001100        0
072CC011100    42007
072CC021100        0
072DD011100       88
072DD021100        0
072EE001100        0
073 A011100   0.0100
073 A021100   0.0000
073 B001100   0.0000
073 C001100   0.0000
074 A001100        0
074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100   252565
074 J001100        0
074 K001100      764
074 L001100        0
074 M001100        3
074 N001100   253332
074 O001100        0
074 P001100       57
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100      304
074 S001100        0
074 T001100   252971
074 U011100     9213
<PAGE>      PAGE  18
074 U021100        0
074 V011100    27.46
074 V021100     0.00
074 W001100   0.0000
074 X001100     1167
074 Y001100        0
075 A001100        0
075 B001100   208771
076  001100     0.00
028 A011700     20697
028 A021700         0
028 A031700         0
028 A041700      7158
028 B011700     22299
028 B021700         0
028 B031700         0
028 B041700      5608
028 C011700     20602
028 C021700         0
028 C031700         0
028 C041700      1838
028 D011700     16832
028 D021700         0
028 D031700         0
028 D041700      4330
028 E011700     14725
028 E021700         0
028 E031700         0
028 E041700      1988
028 F011700     13596
028 F021700         0
028 F031700         0
028 F041700      4818
028 G011700    108751
028 G021700         0
028 G031700         0
028 G041700     25740
028 H001700         0
028 A011900     14674
028 A021900         0
028 A031900         0
028 A041900      5970
028 B011900     20303
028 B021900         0
028 B031900         0
028 B041900     11950
028 C011900     10203
028 C021900         0
028 C031900         0
028 C041900      6286
028 D011900     14055
<PAGE>      PAGE  19
028 D021900         0
028 D031900         0
028 D041900     11989
028 E011900     27928
028 E021900         0
028 E031900         0
028 E041900      7848
028 F011900     31589
028 F021900         0
028 F031900         0
028 F041900     29031
028 G011900    118752
028 G021900         0
028 G031900         0
028 G041900     73074
028 H001900         0
055 A001900 N
055 B001900 N
056  001900 N
057  001900 N
058 A001900 N
059  001900 Y
060 A001900 Y
060 B001900 Y
061  001900    10000
071 A001900         0
071 B001900         0
071 C001900         0
071 D001900    0
072 A001900  6
072 B001900        0
072 C001900        0
072 D001900        0
072 E001900      -99
072 F001900        0
072 G001900       50
072 H001900        0
072 I001900      457
072 J001900        0
072 K001900        0
072 L001900        6
072 M001900        1
072 N001900       20
072 O001900        0
072 P001900        0
072 Q001900        0
072 R001900        7
072 S001900        0
072 T001900        0
072 U001900        1
072 V001900        0
<PAGE>      PAGE  20
072 W001900       10
072 X001900      552
072 Y001900        0
072 Z001900     -651
072AA001900     9066
072BB001900        0
072CC011900        0
072CC021900   110947
072DD011900        0
072DD021900        0
072EE001900        0
073 A011900   0.0000
073 A021900   0.0000
073 B001900   0.0000
073 C001900   0.0000
074 A001900        0
074 B001900        0
074 C001900        0
074 D001900        0
074 E001900        0
074 F001900        0
074 G001900        0
074 H001900        0
074 I001900   445083
074 J001900        0
074 K001900        0
074 L001900     1103
074 M001900        6
074 N001900   446192
074 O001900        0
074 P001900       97
074 Q001900        0
074 R011900        0
074 R021900        0
074 R031900        0
074 R041900     3973
074 S001900        0
074 T001900   442122
074 U011900    26909
074 U021900        0
074 V011900    16.43
074 V021900     0.00
074 W001900   0.0000
074 X001900     1359
074 Y001900        0
075 A001900        0
075 B001900   347459
076  001900     0.00
055 A002600 N
055 B002600 N
056  002600 N
<PAGE>      PAGE  21
057  002600 N
058 B002700 N
059  002700 Y
060 A002700 Y
060 B002700 Y
061  002700     2500
071 A003200         0
071 B003200         0
071 C003200         0
071 D003200    0
072 A003200 11
072 B003200        0
072 C003200        0
072 D003200        0
072 E003200      -22
072 F003200        0
072 G003200       30
072 H003200        0
SIGNATURE   RICHARD W. INGRAM
TITLE       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 November 30, 1999, for the J.P.Morgan Disciplined 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>                          MAY-31-2000
<PERIOD-END>                               NOV-30-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          181670
<RECEIVABLES>                                      189
<ASSETS-OTHER>                                       5
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  181864
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          317
<TOTAL-LIABILITIES>                                317
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        168253
<SHARES-COMMON-STOCK>                             9532
<SHARES-COMMON-PRIOR>                             6618
<ACCUMULATED-NII-CURRENT>                          407
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3738
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9149
<NET-ASSETS>                                    181547
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                     822
<EXPENSES-NET>                                     247
<NET-INVESTMENT-INCOME>                            575
<REALIZED-GAINS-CURRENT>                          4727
<APPREC-INCREASE-CURRENT>                       (1503)
<NET-CHANGE-FROM-OPS>                             3799
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          433
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5419
<NUMBER-OF-SHARES-REDEEMED>                     (2528)
<SHARES-REINVESTED>                                 23
<NET-CHANGE-IN-ASSETS>                           60955
<ACCUMULATED-NII-PRIOR>                            265
<ACCUMULATED-GAINS-PRIOR>                          663
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    252
<AVERAGE-NET-ASSETS>                            154019
<PER-SHARE-NAV-BEGIN>                            18.22
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                            .83
<PER-SHARE-DIVIDEND>                                 0



<PER-SHARE-DISTRIBUTIONS>                        (.09)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.05
<EXPENSE-RATIO>                                    .72
[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 November 30, 1999 for the J.P. Morgan U.S. 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>                          MAY-31-2000
<PERIOD-END>                               NOV-30-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                         435,009
<RECEIVABLES>                                      200
<ASSETS-OTHER>                                       7
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 435,216
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          845
<TOTAL-LIABILITIES>                                845
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       301,744
<SHARES-COMMON-STOCK>                           17,074
<SHARES-COMMON-PRIOR>                           17,576
<ACCUMULATED-NII-CURRENT>                        1,053
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         57,201
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        74,373
<NET-ASSETS>                                   434,371
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                   2,188
<EXPENSES-NET>                                     699
<NET-INVESTMENT-INCOME>                          1,489
<REALIZED-GAINS-CURRENT>                        10,068
<APPREC-INCREASE-CURRENT>                      (4,311)
<NET-CHANGE-FROM-OPS>                            7,246
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (873)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,240
<NUMBER-OF-SHARES-REDEEMED>                    (1,773)
<SHARES-REINVESTED>                                 31
<NET-CHANGE-IN-ASSETS>                         (6,594)
<ACCUMULATED-NII-PRIOR>                            438
<ACCUMULATED-GAINS-PRIOR>                       47,134
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    699
<AVERAGE-NET-ASSETS>                           439,211
<PER-SHARE-NAV-BEGIN>                            25.09
<PER-SHARE-NII>                                   0.09
<PER-SHARE-GAIN-APPREC>                           0.31
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.44
<EXPENSE-RATIO>                                   0.78
[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 scedule contains summary financial data extracted from the semi-annual
report dated November 30, 1999 for the J.P. Morgan U.S. Small Company 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>                          MAY-31-2000
<PERIOD-END>                               NOV-30-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          252565
<RECEIVABLES>                                      764
<ASSETS-OTHER>                                       3
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  253332
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          361
<TOTAL-LIABILITIES>                                361
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        202775
<SHARES-COMMON-STOCK>                             9213
<SHARES-COMMON-PRIOR>                             8678
<ACCUMULATED-NII-CURRENT>                          290
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (11923)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         61829
<NET-ASSETS>                                    252971
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                   (575)
<EXPENSES-NET>                                     346
<NET-INVESTMENT-INCOME>                            229
<REALIZED-GAINS-CURRENT>                         11528
<APPREC-INCREASE-CURRENT>                        42007
<NET-CHANGE-FROM-OPS>                            53764
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           88
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2874
<NUMBER-OF-SHARES-REDEEMED>                       2342
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                           66091
<ACCUMULATED-NII-PRIOR>                            148
<ACCUMULATED-GAINS-PRIOR>                      (23452)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    346
<AVERAGE-NET-ASSETS>                            208771
<PER-SHARE-NAV-BEGIN>                            21.54
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           5.93
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (0.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              27.46
<EXPENSE-RATIO>                                   1.00
[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 November 30, 1999 for the J.P. Morgan Small Company Opportunities
Fund and is qualified in its entirety by reference to such semi-annual report.
</LEGEND>
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAY-31-2000
<PERIOD-END>                               NOV-30-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          445083
<RECEIVABLES>                                     1103
<ASSETS-OTHER>                                       6
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  446192
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4070
<TOTAL-LIABILITIES>                               4070
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        328293
<SHARES-COMMON-STOCK>                            26909
<SHARES-COMMON-PRIOR>                            23504
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (651)
<ACCUMULATED-NET-GAINS>                        (10573)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        125053
<NET-ASSETS>                                    442122
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                    (99)
<EXPENSES-NET>                                     552
<NET-INVESTMENT-INCOME>                          (651)
<REALIZED-GAINS-CURRENT>                          9066
<APPREC-INCREASE-CURRENT>                       101947
<NET-CHANGE-FROM-OPS>                           110362
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           8521
<NUMBER-OF-SHARES-REDEEMED>                     (5116)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          156040
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (19639)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              436
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    552
<AVERAGE-NET-ASSETS>                            347459
<PER-SHARE-NAV-BEGIN>                            12.17
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           4.28
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.43
<EXPENSE-RATIO>                                   1.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission