<PAGE> PAGE 1
000 B000000 11/30/99
000 C000000 0000909597
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE PRIME MONEY MARKET PORTFOLIO
001 B000000 811-7898
001 C000000 8099496644
002 A000000 ELIZABETH SQUARE 2ND FLOOR SHEDDON ROAD
002 B000000 GEORGE TOWN
002 E010000 GRAND CAYMAN
002 E020000 E9
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B000001 A
008 C000001 801-999999
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10036
010 A000001 FUNDS DISTRIBUTOR INC.
010 B000001 8-420518
010 C010001 BOSTON
010 C020001 MA
010 C030001 02116
010 A000002 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
010 B000002 8-49999
010 C010002 NEW YORK
010 C020002 NY
010 C030002 10036
010 A000003 PIERPONT GROUP
010 C010003 NEW YORK
010 C020003 NY
<PAGE> PAGE 2
010 C030003 10017
011 A000001 FUNDS DISTRIBUTOR INC.
011 B000001 8-420518
011 C010001 BOSTON
011 C020001 MA
011 C030001 02116
012 A000001 STATE STREET BANK AND TRUST COMPANY
012 B000001 85-50003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02101
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 JP MORGAN SECURITIES, INC.
014 B000001 8-99999999
014 A000002 JP MORGAN SECURITIES LTD
014 B000002 8-99999999
014 A000003 FUNDS DISTRIBUTOR INC.
014 B000003 8-420518
014 A000004 BOSTON INSTITUTIONAL SERVICES INC.
014 B000004 8-99999999
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 NY
015 C030001 02101
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 70
019 C000000 J.P MORGAN
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 LEHMAN BROTHERS INC.
022 C000001 121111821
022 D000001 0
022 A000002 SUNTRUST BANK
022 C000002 52292974
022 D000002 0
022 A000003 GOLDMAN SACHS
<PAGE> PAGE 3
022 C000003 27411810
022 D000003 1036001
022 A000004 SOCIETE GENERALE
022 C000004 28101699
022 D000004 0
022 A000005 SALOMON SMITH BARNEY INC.
022 C000005 16638352
022 D000005 117617
022 A000006 WEST DEUTSCHE LANDESBANK
022 C000006 11597800
022 D000006 163626
022 A000007 BANK OF MONTREAL
022 C000007 10418846
022 D000007 0
022 A000008 CS FIRST BOSTON
022 C000008 9669042
022 D000008 312068
022 A000009 C.J. LAWRENCE/DEUTSCHE BANK
022 C000009 8368098
022 D000009 144924
022 A000010 CHASE MANHATTAN BANK
022 C000010 6817590
022 D000010 523421
023 C000000 374591401
023 D000000 3353099
024 000000 Y
025 A000001 LEHMAN BROTHERS INC.
025 C000001 D
025 D000001 512000
025 A000002 SUNTRUST BANK CAYMAN
025 C000002 D
025 D000002 436639
025 A000003 WESTDEUTSCHE LANDESBANK
025 C000003 D
025 D000003 50000
025 A000004 BANK OF MONTREAL
025 C000004 D
025 D000004 150000
025 A000005 CS FIRST BOSTON INC.
025 C000005 D
025 D000005 1274178
025 A000006 DEUTSCHE BANK
025 C000006 D
025 D000006 574816
025 A000007 CHASE MANHTTAN BANK
025 C000007 D
025 D000007 356529
025 A000008 DELETE
025 D000008 0
026 A000000 N
026 B000000 N
<PAGE> PAGE 4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 11713391
028 A020000 0
028 A030000 0
028 A040000 11948118
028 B010000 7852045
028 B020000 0
028 B030000 0
028 B040000 7323401
028 C010000 7445791
028 C020000 0
028 C030000 0
028 C040000 7710077
028 D010000 7541380
028 D020000 0
028 D030000 0
028 D040000 6614567
028 E010000 8520958
028 E020000 0
028 E030000 0
028 E040000 8733701
028 F010000 9844705
028 F020000 0
028 F030000 0
028 F040000 7735065
028 G010000 52918270
028 G020000 0
028 G030000 0
028 G040000 50064929
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
<PAGE> PAGE 5
040 000000 N
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 1000000
048 A020000 0.200
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1000000
048 K020000 0.100
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
<PAGE> PAGE 6
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 5.3
062 E000000 0.0
062 F000000 1.1
062 G000000 16.0
062 H000000 0.0
062 I000000 35.6
062 J000000 6.8
062 K000000 0.0
062 L000000 36.2
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 48
063 B000000 0.0
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
<PAGE> PAGE 7
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 12
072 B000000 638948
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 13227
072 G000000 3504
072 H000000 0
072 I000000 0
072 J000000 1468
072 K000000 0
072 L000000 8
072 M000000 93
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 39
072 S000000 90
<PAGE> PAGE 8
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 33
072 X000000 18452
072 Y000000 0
072 Z000000 620496
072AA000000 0
072BB000000 503
072CC010000 0
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 820000
074 C000000 14756103
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 101273
074 M000000 53
074 N000000 15677430
074 O000000 249833
074 P000000 1545
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 342
074 S000000 0
074 T000000 15425710
074 U010000 0
074 U020000 0
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 5
074 Y000000 0
075 A000000 12226927
075 B000000 0
076 000000 0.00
<PAGE> PAGE 9
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 GULF INSURANCE CO
080 C000000 25000
081 A000000 Y
081 B000000 17
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE GEORGE A. RIO
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This Schedule contains summary financial data extracted from the annual report
dated November 30, 1999 for the Prime Money Market Portfolio and is qualified in
its entirety by reference such annual report.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 15576103
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 101273
<ASSETS-OTHER> 54
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15677430
<PAYABLE-FOR-SECURITIES> 249833
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1887
<TOTAL-LIABILITIES> 251720
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 15425710
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 638948
<OTHER-INCOME> 0
<EXPENSES-NET> 18452
<NET-INVESTMENT-INCOME> 620496
<REALIZED-GAINS-CURRENT> (503)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 619993
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7645486
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13227
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18452
<AVERAGE-NET-ASSETS> 12226927
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
2
Report of Independent Accountants
To the Trustees and Shareholders of
J.P. Morgan Prime Money Market Fund
J.P. Morgan European Equity Fund
J.P. Morgan International Opportunities Fund and
J.P. Morgan Tax Exempt Money Market Fund
In planning and performing our audit of the financial statements of J.P. Morgan
Prime Money Market Fund, J.P. Morgan European Equity Fund and J.P. Morgan
International Opportunities Fund for the year ended November 30, 1999 and J.P.
Morgan Tax Exempt Money Market Fund (the "Funds") for the period ended November
30, 1999, we considered their internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on internal control.
The management of the Funds is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of their design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
November 30, 1999.
This report is intended solely for the information and use of the Trustees,
management and the Securities and Exchange Commission and is not intended to be
and should not be used by anyone other than these specified parties.
January 14, 2000
