0000770482-11-000018.txt : 20110518 0000770482-11-000018.hdr.sgml : 20110518 20110518153641 ACCESSION NUMBER: 0000770482-11-000018 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110518 DATE AS OF CHANGE: 20110518 EFFECTIVENESS DATE: 20110518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN VALUE OPPORTUNITIES FUND INC CENTRAL INDEX KEY: 0000770482 IRS NUMBER: 521400462 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-97999 FILM NUMBER: 11854824 BUSINESS ADDRESS: STREET 1: 1101 VERMONT AVE NW SUITE 600 CITY: WASHINGTON STATE: DC ZIP: 20005 BUSINESS PHONE: 2028425665 MAIL ADDRESS: STREET 1: 1101 VERMONT AVE NW SUITE 600 CITY: WASHINGTON STATE: DC ZIP: 20006 FORMER COMPANY: FORMER CONFORMED NAME: GROWTH FUND OF WASHINGTON INC /DC/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WASHINGTON AREA GROWTH FUND INC /DC/ DATE OF NAME CHANGE: 19850610 0000770482 S000003489 JPMORGAN VALUE OPPORTUNITIES FUND INC C000009649 Class A JVOAX C000009650 Class B JVOBX C000009651 Class C JVOCX C000009652 Institutional Share Class JVOIX 497 1 file497e-051811.htm file497e-051811.htm
J.P. MORGAN U.S. EQUITY FUNDS

JPMorgan Value Opportunities Fund
(Class A, Class B and Class C)

Supplement dated May 18, 2011
to the Class A, Class B and Class C Shares Prospectus
dated November 1, 2010, as supplemented

The “Annual Fund Operating Expenses” table on page 67 of the Prospectus for the JPMorgan Value Opportunities Fund (the Fund) in the Fund’s Prospectus is hereby replaced with the corresponding table below.


ANNUAL FUND OPERATING EXPENSES
(Expenses that you pay each year as a percentage of the value of your investment)
 
Class A
Class B
Class C
Management Fees
   0.40%
   0.40%
   0.40%
Distribution (Rule 12b-1) Fees
0.25
0.75
0.75
Other Expenses
0.52
0.52
0.52
Shareholder Service Fees
            0.25
          0.25
          0.25
Remainder of Other Expenses
            0.27
          0.27
          0.27
Total Annual Fund Operating Expenses
1.17
1.67
1.67
Fee Waivers and Expense Reimbursements1
(0.22)
(0.22)
(0.22)
Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements 1
0.95
1.45
1.45

 
1 The Fund’s adviser, distributor and business manager (the Service Providers) have contractually agreed to waive their respective fees and/or reimburse expenses to the extent Total Annual Fund Operating Expenses of Class A, Class B and Class C Shares (excluding acquired fund fees and expenses, interest, taxes and extraordinary expenses) exceed 0.95%, 1.45% and 1.45%, respectively, of their average daily net assets. This agreement cannot be terminated prior to 11/1/11 at which time the Service Providers will determine whether or not to renew or revise it.











SUP-VO-511

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS
FOR FUTURE REFERENCE