WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contanis summary financial data extracted from the semiannul
report dated April 30, 2000 for the J.P. Morgan Short Term Bond Fund 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-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 38370
<RECEIVABLES> 14
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33384
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 219
<TOTAL-LIABILITIES> 219
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38165
<SHARES-COMMON-STOCK> 3981
<SHARES-COMMON-PRIOR> 3998
<ACCUMULATED-NII-CURRENT> 145
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 924
<ACCUM-APPREC-OR-DEPREC> (284)
<NET-ASSETS> 38165
<DIVIDEND-INCOME> 4
<INTEREST-INCOME> 1160
<OTHER-INCOME> 0
<EXPENSES-NET> 108
<NET-INVESTMENT-INCOME> 1056
<REALIZED-GAINS-CURRENT> (228)
<APPREC-INCREASE-CURRENT> (92)
<NET-CHANGE-FROM-OPS> 736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1057
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2257
<NUMBER-OF-SHARES-REDEEMED> 2356
<SHARES-REINVESTED> 82
<NET-CHANGE-IN-ASSETS> (548)
<ACCUMULATED-NII-PRIOR> 146
<ACCUMULATED-GAINS-PRIOR> (695)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 149
<AVERAGE-NET-ASSETS> 36239
<PER-SHARE-NAV-BEGIN> 9.68
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.59
<EXPENSE-RATIO> .6
</TABLE>
