<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 931068
000 D000000 N
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000 F000000 Y
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002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
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007 C030100 N
007 C010200 2
007 C020200 THE JPM ADVISOR JAPAN EQUITY FUND
007 C030200 N
007 C010300 3
007 C020300 THE JPM ADVISOR EUROPEAN EQUITY FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 SIGNATURE BROKER DEALER SERVICES, INC.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
010 A00AA02 PIERPONT GROUP, INC.
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10017
010 A00AA03 MORGAN GUARANTY TRUST CO OF N.Y.
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10036
011 A00AA01 SIGNATURE BROKER DEALER SERVICES, INC.
<PAGE> PAGE 2
011 B00AA01 8-41134
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK AND TRUST CO.
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012 C01AA02 NEW YORK
012 C02AA02 NY
012 C03AA02 10036
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013 B02AA01 NY
013 B03AA01 10036
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014 A00AA02 JP MORGAN SECURITIES, INC.
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014 A00AA03 JP MORGAN SECURITIES, LTD.
014 B00AA03 8-99999
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE RICHARD INGRAM
TITLE 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 semi annual
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<LEGEND>
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