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
JPMORGAN INSTITUTIONAL TRUST
PACHOLDER HIGH YIELD FUND, INC.
J.P. MORGAN ACCESS MULTI-STRATEGY FUND, L.L.C.
J.P. MORGAN ACCESS MULTI-STRATEGY FUND II
(each a Trust, collectively, the Trusts)

Secretary's Certificate


The undersigned hereby certifies that he is the Secretary 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, JPMorgan Institutional Trust,
Pacholder High Yield Fund, Inc., J.P. Morgan Access Multi-Strategy Fund, L.L.C.
and J.P. Morgan Access Multi-Strategy Fund II (the "Trusts"); that
the following is a true and correct copy of the resolutions approving
the amount and form of the fidelity bond adopted by vote of a majority
of the members of the Board of Trustees/Directors of the Trusts, including
a majority of the Trustees/Directors who are not interested persons of the
Trusts (within the meaning of Section 2(a)(19) of the Investment Company Act
of 1940 Act, as amended) on the 15th day of February 2012 and that said
resolutions are in full force and effect:

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, JPMorgan Institutional Trust,
Pacholder High Yield Fund, Inc. J.P. Morgan Access Multi-Strategy Fund, L.L.C.
and J.P. Morgan Access Multi-Strategy Fund II (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 $16,325,000, 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, and the nature of the securities in
the funds' portfolios; and

FURTHER RESOLVED, that the premium to be paid by the Trusts under the Bond be,
and hereby is, approved 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, the amount of the
premium of the Bond, the ratable allocation of the premium among all persons
named as insureds, and the extent to which the share of the 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; and

FURTHER RESOLVED, that the Bond and the premium to be paid be, and hereby
are, approved by a vote of a majority of the Trustees and separately by
the Independent Trustees; and

FURTHER RESOLVED, that the officers of the Trusts be, and each of them hereby
is, authorized and directed to enter into an agreement on behalf 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 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; and

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; and

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; and

FURTHER RESOLVED, that the appropriate officers of Trusts be, and each
of them hereby is, authorized to make any and all payments and to do any
and all other acts, in the name of Trusts and on its 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 13th day of April, 2012


/s/ Frank J. Nasta
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Frank J. Nasta, Secretary