Rule 17g-1-Bonding of Officers and Employees of
		   Registered Management Investment Companies

17g-1(g)(1)(ii)(c): Statement showing the amount of the single insured bond
which each investment company would have provided and maintained had it not
been named as an insured under a joint insured bond


JPMorgan Trust I				$2,500,000
JPMorgan Trust II				 2,500,000
Undiscovered Managers Funds			   600,000
UM Investment Trust				   350,000
JPMorgan Insurance Trust			 1,250,000
J.P. Morgan Fleming Mutual Fund Group, Inc.	 2,500,000
J.P. Morgan Mutual Fund Group			   525,000
J.P. Morgan Mutual Fund Investment Trust	 1,000,000
JPMorgan Institutional Trust			 2,100,000
Pacholder High Yield Fund, Inc.			   525,000


The Premium for JPMorgan Trust I, JPMorgan Trust II, Undiscovered Managers
Funds, UM Investment Trust, JPMorgan Insurance Trust, J.P. Morgan Fleming
Mutual Fund Group, Inc., J.P. morgan Mutual Fund Group, J.P. Morgan
Mutual Fund Investment Trust, JPMorgan Institutional Trust and Pacholder
High Yield Fund, Inc. is paid for the period March 1, 2010 to March 1, 2011.