JPMORGAN TRUST I
		   JPMORGAN TRUST II
	 	 UNDISCOVERED MANAGERS FUNDS
		   JPMORGAN INSURANCE TRUST
	   J.P. MORGAN FLEMING MUTUAL FUND GROUP, INC.
	        J.P. MORGAN MUTUAL FUND GROUP
	 J.P. MORGAN MUTUAL FUND INVESTMENT TRUST
	            UM INVESTMENT TRUST
	        JPMORGAN INSTITUTIONAL TRUST
	       PACHOLDER HIGH YIELD FUND, INC.
	 (each a Trust, collectively, the Trusts)

		Secretary's Certificate

The undersigned, being all the trustees/directors of the
Trusts, do hereby waive the calling and holding of a meeting
of the Boards of Trustees/Directors, consent to the following
actions by this Consent, and direct that this Consent be
filed with the minutes of the proceedings of the Trusts:

RESOLVED, that it is the finding of the Trustees of JPMorgan
Trust I, JPMorgan Trust II, Undiscovered Managers Funds,
JPMorgan Insurance Trust, J.P. Morgan Fleming Mutual Fund
Group, Inc., J.P. Morgan Mutual Fund Group, J.P. Morgan Mutual
Fund Investment Trust, UM Investment Trust, Pacholder High
Yield Fund, Inc., JPMorgan Institutional Trust and J.P. Morgan
Access Multi-Strategy Fund, L.L.C. (collectively, the "Trusts")
and separately the finding of the Independent Trustees that the
proposed Fidelity Bond written by St. Paul Fire and Marine
Insurance Company (the "Bond") in the aggregate amount of
$13,850,000, covering, among others, officers and employees
of the Trusts, in accordance with the requirements of Rule
17g-1 promulgated by the Securities and Exchange Commission
under Section 17(g) of the Investment Company Act of 1940, as
amended, is reasonable in form and amount, after having given
due consideration to, among other things, the value of the
aggregate assets of each of the Funds that are series of the
Trusts to which any person covered under the Bond may have access,
the type and terms of the arrangements made for the custody
and safekeeping of assets of the Trusts, the number of other
parties named as insured parties under the Bond and the nature
of the business activities of other parties;

FURTHER RESOLVED, that the premium paid by the Trusts under
the Bond be, and hereby is, approved and ratified by the Trustees
and separately by the Independent Trustees after having given
due consideration to, among other things, the number of other
parties insured under the Bond, the nature of the business
activities of those other parties, the amount of the Bond and the
extent to which the share of the maximum premium allocated to each
Trust under the Bond is no more than the premium that such Trust
would have had to pay had it maintained a single insured bond;

FURTHER RESOLVED, that the Bond be, and hereby is, approved and
ratified by a vote of a majority of the Trustees and separately
by the Independent Trustees;

FURTHER RESOLVED, that the agreement on behalf and among the
Trusts, in substantially the form furnished to the Trustees, as
required by Rule 17g- 1, with the other named insureds under the
Bond providing that in the event any recovery is received under
the Bond as a result of a loss sustained by a Trust and also by
one or more of the other named insureds, that the Trust shall
receive an equitable and proportionate share of the recovery,
but in no event less than the amount it would have received had
it provided and maintained a single insured bond with the minimum
coverage required by paragraph (d) (1) of the aforementioned Rule
17g-1 is hereby approved and ratified;

FURTHER RESOLVED, that the appropriate officers of the Trusts be,
and they hereby are, authorized and directed to prepare, execute
and file such amendments and supplements to the aforesaid agreement,
and to take such other action as may be necessary or appropriate
in order to conform to the provisions of the Investment Company
Act of 1940, as amended, and the rules and regulations thereunder;

FURTHER RESOLVED, that the Secretary of the Trusts shall
file the Bond with the Securities and Exchange Commission and
give notice required under paragraph (g) of the aforementioned
Rule 17g-1.

FURTHER RESOLVED, that the appropriate officers of the Trusts be,
and each of them singly hereby is, authorized to make any and all
payments and to do any and all other acts, in the name of the
Trusts and on the Trusts' behalf, as they, or any of them, may
determine to be necessary or desirable and proper in connection
with or in furtherance of the foregoing resolutions.


Dated this 22nd day of September, 2010


/s/ Frank J. Nasta
-------------------------------------
Frank J. Nasta
Secretary