WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data from the annual report dated May
31, 2000 for J.P. Morgan U.S. Small Company Fund and is qualified in its
entirety to such annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 284537
<RECEIVABLES> 1158
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 285697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1125
<TOTAL-LIABILITIES> 1125
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 243029
<SHARES-COMMON-STOCK> 10500
<SHARES-COMMON-PRIOR> 8678
<ACCUMULATED-NII-CURRENT> 32
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14740
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 26771
<NET-ASSETS> 284572
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 995
<EXPENSES-NET> 872
<NET-INVESTMENT-INCOME> 123
<REALIZED-GAINS-CURRENT> 38031
<APPREC-INCREASE-CURRENT> 6948
<NET-CHANGE-FROM-OPS> 45102
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 144
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7319
<NUMBER-OF-SHARES-REDEEMED> 5502
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 97693
<ACCUMULATED-NII-PRIOR> 148
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (23452)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 872
<AVERAGE-NET-ASSETS> 258425
<PER-SHARE-NAV-BEGIN> 21.54
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 5.58
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 27.10
<EXPENSE-RATIO> 1.00
</TABLE>
