J.P. Morgan Funds
J.P. Morgan Institutional Funds
Supplement dated March 13, 2000 to the following Statements of Additional
Information ("SAI"):
J.P. Morgan, J.P. Morgan Institutional and J.P. Morgan Institutional
Service Tax Exempt Money Market Fund, each dated March 1, 2000
The following replaces the section under the heading "Custodian and Transfer
Agent":
The Bank of New York ("BONY"), One Wall Street, New York, New York
10286, serves as the Trust's and the Portfolio's custodian and fund
accounting agent. Pursuant to the Custodian Contract, BONY is
responsible for holding portfolio securities and cash and maintaining
the books of account and records of portfolio transactions.
State Street Bank and Trust Company ("State Street"), 225 Franklin
Street, Boston, Massachusetts 02110, serves as the Fund's transfer and
dividend disbursing agent. As transfer agent and dividend disbursing
agent, State Street is responsible for maintaining account records
detailing the ownership of Fund shares and for crediting income,
capital gains and other changes in share ownership to shareholder
accounts.
