JPM SERIES TRUST II
497, 1997-09-15
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JPM Series Trust II Supplement dated September 15, 1997 to the Statement of
Additional Information dated April 30, 1997



     The third sentence in the paragraph entitled "JPM Bond Portfolio" under the
section "Quality and Diversification Requirements" is revised as follows:

     The Portfolio may invest up to 25% of its total assets in securities  which
are "below investment grade".




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