J.P. Morgan Series Trust II
Supplement dated September 8, 1998 to the Statement of Additional Information
dated April 30, 1998
References to Morgan Stanley Capital International (MSCI) All Country World
ex-U.S. Index is replaced with MSCI All Country World ex-U.S. Free Index.
The last sentence of the seventh paragraph under "Performance and Yield
Information" is replaced with the following:
The MSCI All Country World ex-U.S. Free Index, which is an unmanaged
index that measures developed and emerging foreign stock market
performance and reflects actual opportunities for non-domestic
investors by taking into account local market restrictions on share
ownership by foreigners, is the new benchmark for the J.P. Morgan
International Opportunities Portfolio.
