J.P. Morgan Funds
J.P. Morgan Series Trust
Supplement dated May 12, 2000, to the following Prospectus:
J.P. Morgan Fixed Income Funds, dated March 1, 2000
The second paragraph under the heading "Portfolio Management" on page 9
with respect to Tax Exempt Bond Fund is hereby replaced with the following:
The portfolio management team is led by Robert W. Meiselas, vice president,
who joined the team in June of 1997 and has been at J.P. Morgan since 1987,
Benjamin Thompson, vice president, who joined the team in June of 1999, and
Kingsley Wood, Jr., vice president, who has been on the team since January 2000.
Prior to joining J.P. Morgan, Mr. Thompson was a senior fixed income portfolio
manager at Goldman Sachs and Mr. Wood was a senior fixed income portfolio
manager at Mercantile Bank & Trust. Prior to joining Mercantile in July 1998,
Mr. Wood was an institutional tax-exempt trader at ABN-AMRO and Kemper
Securities.
The second paragraph under the heading "Portfolio Management" on page 11
with respect to New York Tax Exempt Bond Fund is hereby replaced with the
following:
The portfolio management team is led by Robert W. Meiselas, vice president,
who joined the team in June of 1997 and has been at J.P. Morgan since 1987,
Benjamin Thompson, vice president, who joined the team in June of 1999, and
Kingsley Wood, Jr., vice president, who has been on the team since January 2000.
Prior to joining J.P. Morgan, Mr. Thompson was a senior fixed income portfolio
manager at Goldman Sachs and Mr. Wood was a senior fixed income portfolio
manager at Mercantile Bank & Trust. Prior to joining Mercantile in July 1998,
Mr. Wood was an institutional tax-exempt trader at ABN-AMRO and Kemper
Securities.
The second paragraph under the heading "Portfolio Management" on page 13
with respect to California Bond Fund is hereby replaced with the following:
The portfolio management team is led by Robert W. Meiselas, vice president,
who joined the team in June of 1997 and has been at J.P. Morgan since 1987,
Benjamin Thompson, vice president, who joined the team in June of 1999, and
Kingsley Wood, Jr., vice president, who has been on the team since January 2000.
Prior to joining J.P. Morgan, Mr. Thompson was a senior fixed income portfolio
manager at Goldman Sachs and Mr. Wood was a senior fixed income portfolio
manager at Mercantile Bank & Trust. Prior to joining Mercantile in July 1998,
Mr. Wood was an institutional tax-exempt trader at ABN-AMRO and Kemper
Securities.
(continued)
Effective May 22, 2000, the address of the Shareholder Servicing Agent
shown under the heading "Your Investment" is changed. The new address is:
Morgan Christiana Center
J.P. Morgan Funds Services - 2/OPS3
500 Stanton Christiana Road
Newark, DE 19713
1-800-521-5411
