<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the annual report
dated October 31, 2000 for the J.P. Morgan Bond Fund and is qualified in its
entirety by reference to such annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 242750
<INVESTMENTS-AT-VALUE> 242750
<RECEIVABLES> 407
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 243158
<PAYABLE-FOR-SECURITIES> 2719
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 259
<TOTAL-LIABILITIES> 2978
<SENIOR-EQUITY> 240180
<PAID-IN-CAPITAL-COMMON> 248018
<SHARES-COMMON-STOCK> 24290
<SHARES-COMMON-PRIOR> 23785
<ACCUMULATED-NII-CURRENT> 315
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 7952
<ACCUM-APPREC-OR-DEPREC> 201
<NET-ASSETS> 240180
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15493
<OTHER-INCOME> 0
<EXPENSES-NET> 1448
<NET-INVESTMENT-INCOME> 14045
<REALIZED-GAINS-CURRENT> (3055)
<APPREC-INCREASE-CURRENT> 3323471
<NET-CHANGE-FROM-OPS> 14314
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14090
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9970
<NUMBER-OF-SHARES-REDEEMED> 10729
<SHARES-REINVESTED> 1264
<NET-CHANGE-IN-ASSETS> 5306
<ACCUMULATED-NII-PRIOR> 186
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 4878
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1448
<AVERAGE-NET-ASSETS> 226791
<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .02
<PER-SHARE-DIVIDEND> 000
<PER-SHARE-DISTRIBUTIONS> .61
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.89
<EXPENSE-RATIO> 0.64
</TABLE>
