J.P. Morgan Funds Supplement dated September 14, 2000, to the J.P. Morgan
Fixed Income Funds Prospectus dated March 1, 2000, as revised September 1, 2000
The second paragraph under the heading "Portfolio Management" on page 2 with
respect to Short Term Bond Fund is hereby replaced with the following:
The portfolio management team is led by Connie J. Plaehn, managing director, who
has been on the team since the fund's inception and has been at J.P. Morgan
since 1984, John Donohue, vice president, who has been on the team since joining
J.P. Morgan in June of 1997 from Goldman Sachs & Co., where he was an
institutional money market portfolio manager, and Abigail J. Feder, vice
president, who joined J.P. Morgan in April of 2000 from Morgan Stanley Dean
Witter Investment Management where she managed short term fixed income
portfolios.
