J.P. Morgan Funds
J.P. Morgan Institutional Funds
Supplement dated January 24, 2000 to the following Statements of Additional
Information ("SAI"):
J.P. Morgan and J.P. Morgan Institutional International Opportunities Fund
(combined SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional Emerging Markets Equity Fund
(combined SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional European Equity Fund (combined
SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional International Equity Fund
(combined SAIs), each dated March 1, 1999
J.P. Morgan and J.P. Morgan Institutional Global Strategic Income Fund
(combined SAIs), each dated August 2, 1999
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 each of the Portfolio's custodian and
fund accounting agent. Pursuant to the Custodian Contracts, BONY is
responsible for maintaining the books of account and records of
portfolio transactions and holding portfolio securities and cash. In
the case of foreign assets held outside the United States, the
custodian employs various subcustodians who were approved by the
Trustees of the Portfolios in accordance with the regulations of the
SEC. The custodian maintains portfolio transaction records.
State Street Bank and Trust Company ("State Street"), 225 Franklin
Street, Boston, Massachusetts 02110, serves as each 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.
