J.P. Morgan Series Trust II
Supplement dated September 8, 1998 as applicable to the following prospectuses
J.P. Morgan Series Trust II (combined), dated April 30, 1998
J.P. Morgan Treasury Money Market Portfolio, dated April 30, 1998
J.P. Morgan Bond Portfolio, dated April 30, 1998
J.P. Morgan Equity Portfolio, dated April 30, 1998
J.P. Morgan Small Company Portfolio, dated April 30, 1998
J.P. Morgan International Opportunities Portfolio, dated April 30, 1998
The "Performance and Yield Information" section in the prospectuses for the
J. P. Morgan International Opportunities Portfolio is revised to change
references to the new benchmark for the Portfolio from the Morgan Stanley
Capital International All Country World ex U.S. Index to the MSCI All Country
World ex U.S. Free Index.
The following is added at the end of "Other Information" in each of the above
mentioned prospectuses:
Year 2000
Portfolio operations and shareholders could be adversely affected if
the computer systems used by J.P. Morgan, the Portfolio's other service
providers and other entities with computer systems linked to the
Portfolio, do not properly process and calculate January 1, 2000 and
after date-related information. J.P. Morgan is working to avoid these
problems and to obtain assurances from other service providers that
they are taking similar steps. However, it is not certain that these
actions will be sufficient to prevent January 1, 2000 and after
date-related problems from adversely impacting Portfolio operations and
shareholders. In addition, to the extent that operations of issuers of
securities held by the Portfolio are impaired by date-related problems
or prices of securities decline as a result of real or perceived
date-related problems of issuers held by the Portfolio or generally,
the net asset value of the Portfolio will decline.
