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 annual report
dated May 31, 2000 for the JP Morgan US Equity Fund and is qualified in its
entirety by reference to such annual report.
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 386740
<RECEIVABLES> 226
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 386972
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 283
<TOTAL-LIABILITIES> 386689
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 316132
<SHARES-COMMON-STOCK> 17809
<SHARES-COMMON-PRIOR> 17576
<ACCUMULATED-NII-CURRENT> 282
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6207
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 64068
<NET-ASSETS> 386689
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 3829
<EXPENSES-NET> 1352
<NET-INVESTMENT-INCOME> 2477
<REALIZED-GAINS-CURRENT> 22541
<APPREC-INCREASE-CURRENT> (14614)
<NET-CHANGE-FROM-OPS> 10404
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2633)
<DISTRIBUTIONS-OF-GAINS> (63328)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2355
<NUMBER-OF-SHARES-REDEEMED> (4912)
<SHARES-REINVESTED> 2790
<NET-CHANGE-IN-ASSETS> (54277)
<ACCUMULATED-NII-PRIOR> 438
<ACCUMULATED-GAINS-PRIOR> 47134
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1352
<AVERAGE-NET-ASSETS> 423292
<PER-SHARE-NAV-BEGIN> 25.09
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> .41
<PER-SHARE-DIVIDEND> (.16)
<PER-SHARE-DISTRIBUTIONS> (3.78)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.71
<EXPENSE-RATIO> .78
</TABLE>
