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Previous: DOVE AUDIO INC, S-8, 1996-06-21 |
Next: BEAR STEARNS FUNDS, 497, 1996-06-21 |
THE JPM ADVISOR EMERGING MARKETS EQUITY FUND
PROSPECTUS SUPPLEMENT DATED JUNE 24, 1996
TO THE PROSPECTUS DATED JANUARY 31, 1996
(Supersedes Supplement dated May 31, 1996)
The second full paragraph under the caption "Example" on page 2 of the
Prospectus is restated in its entirety as follows:
FINANCIAL HIGHLIGHTS
The following selected data for a share outstanding are unaudited. The Fund's
semiannual financial statements are part of the Statement of Additional
Information and are incorporated herein. The financial statements and subsequent
semiannual reports are available without charge upon request. Future reports
will include a discussion of those factors, strategies and techniques that
materially affected the Fund's performance during the period of the report, as
well as certain related information.
<TABLE>
<CAPTION>
FOR THE PERIOD
NOVEMBER 22, 1995
(COMMENCEMENT OF
OPERATIONS)
THROUGH APRIL 30, 1996
(UNAUDITED)
-----------------------
<S> <C>
NET ASSET VALUE, BEGINNING OF PERIOD $ 10.30
------
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income 0.04
Net Realized and Unrealized Gain on Investment and Foreign Currency 1.69
------
Total from Investment Operations 1.73
------
DISTRIBUTIONS TO SHAREHOLDERS FROM
Net Investment Income (0.02)
------
NET ASSET VALUE, END OF PERIOD $ 12.01
------
------
Total Return 16.78%(a)
RATIOS AND SUPPLEMENTAL DATA
Net Assets at end of Period (in thousands) $ 1,861
Ratios to Average Net Assets (b)
Expenses 1.95%
Net Investment Income 1.06%
Decrease Reflected in Expense Ratio due to Expense Reimbursement 0.55%(c)
</TABLE>
- ------------------------
(a) Not Annualized.
(b) Annualized.
(c) After consideration of certain state limitations.
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