Exhibit 99.10d

JPMORGAN FUNDS

FORM OF COMBINED AMENDED AND RESTATED
RULE 18f-3 MULTI-CLASS PLAN

I. Introduction

Pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended (the “1940 Act”), the following sets forth the method for allocating fees and expenses among each class of shares of the underlying investment funds of the investment companies listed on Exhibit A (each a “Company”) that issues multiple classes of shares (the “Multi-Class Funds”). In addition, this Combined Amended and Restated Rule 18f-3 Multi-Class Plan (the “Plan”) sets forth the shareholder servicing arrangements, distribution arrangements, conversion features, exchange privileges, other shareholder services, voting rights, dividends, and per share net asset value of each class of shares in the Multi-Class Funds. The Multi-Class Funds covered by this Plan are listed on Exhibit B.

Each Company is an open-end, management investment company registered under the 1940 Act, the shares of which are registered on Form N-1A under the Securities Act of 1933. Upon the effective date of this Plan, each Company hereby elects to offer multiple classes of shares in the Multi-Class Funds pursuant to the provisions of Rule 18f-3 and this Plan. Each Multi-Class Fund is authorized to issue multiple classes of shares representing interests in the same underlying portfolio of assets of the respective Fund, as described below. This Plan constitutes the combination, amendment and restatement of the Rule 18f-3 Multi-Class Plan previously adopted by each Company.

II. Allocation of Expenses

Pursuant to Rule 18f-3 under the 1940 Act, each Company shall allocate to each class of shares in a Multi-Class Fund (i) any fees and expenses incurred by the Company in connection with the distribution of such class of shares under a distribution plan adopted for such class of shares pursuant to Rule 12b-1, and (ii) any fees and expenses incurred by the Company under a shareholder servicing agreement in connection with the provision of shareholder services to the holders of such class of shares. Each class may, at the Board’s discretion, also pay a different share of other expenses, not including advisory or custodial fees or other expenses related to the management of the Fund’s assets, if these expenses are actually incurred in a different amount by that class, or if the class receives services of a different kind or to a different degree than other classes. In addition, pursuant to Rule 18f-3, each Company may, at the Board’s discretion, allocate the following fees and expenses to a particular class of shares in a single Multi-Class Fund:

1. transfer agent fees identified by the transfer agent as being attributable to such class of shares;

2. printing and postage expenses related to preparing and distributing materials such as shareholder reports, prospectuses, reports and proxies to current shareholders of such class of shares or to regulatory agencies with respect to such class of shares;

3. blue sky fees incurred by such class of shares;

4. Securities and Exchange Commission registration fees incurred by such class of shares;

5. the expense of administrative personnel and services (including, but not limited to, those of a fund accountant or dividend paying agent charged with calculating net asset values

or determining or paying dividends) as required to support the shareholders of such class of shares;

6. litigation or other legal expenses relating solely to such class of shares;

7. Trustees fees incurred as result of issues relating to such class of shares; and

8. independent accountants’ fees relating solely to such class of shares.

All other expenses will be allocated to each class on the basis of the net assets of that class in relation to the net assets of the Fund. However, money market funds operating in reliance on Rule 2a-7, and other Funds making daily distributions of their net investment income, may allocate such other expenses to each share regardless of class, or based on the relative net assets. The Adviser, Distributor, Administrator and any other provider of services to the Multi-Class Funds may waive or reimburse the expenses of a particular class or classes.

Income, realized and unrealized capital gains and losses, and any expenses of a Multi-Class Fund not allocated to a particular class of such Multi-Class Fund pursuant to this Plan shall be allocated to each class of the Multi-Class Fund on the basis of the net asset value of that class in relation to the net asset value of the Multi-Class Fund.

The initial determination of the class expenses that will be allocated by each Company to a particular class of shares and any subsequent changes thereto will be reviewed by the Board of Trustees and approved by a vote of the Trustees of each Company, including a majority of the Trustees who are not interested persons of each Company. The Trustees will monitor conflicts of interest among the classes and agree to take any action necessary to eliminate conflicts.

Class Arrangements.

The following charts summarize the front-end sales charges, contingent deferred sales charges, Rule 12b-1 distribution fees, shareholder servicing fees, conversion features, exchange privileges and other shareholder services applicable to each class of shares of the Multi-Class Funds. Each Multi-Class Fund shall offer such class or classes of shares as the Board of Trustees of each Company shall determine from time to time. Additional details regarding such fees and services are set forth in each Fund’s current Prospectus and Statement of Additional Information.

Variable NAV Funds

Class A

Class B

Class C

Select Class

Institutional
Class

Ultra Class

M Class

Investor
Class*

Initial Sales Load

EQUITY: Up to 5.25% of offering price(1)

FIXED INCOME (ex-short term) : Up to 4.50% of offering price

SHORT TERM: Up to 3.00% of offering price

None

Up to 3.50% of offering price

None

Contingent Deferred Sales Charge (CDSC)

Generally, none. On purchases over $1 million where the front-end load has been waived, a 0.50% (short-term funds) or 1.00% (long-term funds) CDSC is charged if shares are redeemed within 12 months of purchase.(2)

EQUITY AND FIXED INCOME (ex-short term): 5.00% in the first year, declining to 1.00% in the sixth year and eliminated thereafter.

SHORT TERM: 3.00% in the first year, declining to 1.00% in the fourth year and eliminated thereafter.(3)

1.00% in the first year and eliminated thereafter.

None

Rule 12b-1 Distribution Fees

0.25% per annum of average daily net assets.

0.75% per annum of average daily net assets.

None

0.35% per annum of average daily net assets of Short Term Bond Fund II and 0.50% per annum of average daily net assets of Strategic Income and Global Strategic Income Funds.

None

Shareholder Servicing Fees

Up to 0.25% per annum of average daily net assets.

Up to 0.10% per annum of average daily net assets.

None(4)

Up to 0.25% per annum of average daily net assets.

Up to 0.35% per annum of average daily net assets.

Conversion Features

None

Convert to Class A shares on the first business day of the month following the eighth anniversary of the original purchase (EQUITY and FIXED INCOME) or sixth anniversary of original purchase (SHORT TERM), based on relative net asset values of the two classes.(5) Shares acquired by the reinvestment of dividends and distributions are included in the conversion.

None

* Closed to new investors.

(1) Effective February 19, 2005. Through February 18, 2005, purchases of all Class A shares of the JPMorgan Funds are subject to an initial sales load of up to 5.75%.

(2) Short-term funds are indicated on Exhibit B with a ^ (“Short-Term Funds”). The information in the table regarding the Class A CDSC is effective February 19, 2005.

(3) This contingent deferred sales charge is not charged on some short-term bond funds, as indicated in the prospectuses for such Funds.

(4) Effective February 19, 2005. Through February 18, 2005, Ultra Class shares are subject to a Shareholder Servicing Fee of 0.05% of the average daily net assets attributable to Ultra Class shares.

(5) Effective February 19, 2005. Through February 18, 2005, all conversions occur on the first business day of the month following the eighth anniversary of the original purchase.

Class A

Class B

Class C

Select Class

Institutional
Class

Ultra Class

M Class

Investor
Class*

Exchange Privileges(6)

May exchange for (i) other Class A shares, (ii) Morgan Class shares of a money market fund, or (iii) Select Class shares of the same Fund, subject to eligibility requirements. (7)

May exchange for other Class B shares.

May exchange for other Class C shares.

May exchange for (i) other Select Class shares, [(ii) Class A shares of the same Fund, subject to eligibility requirements and any applicable initial sales load, or (iii) Premier Class shares of a money market fund.](8)

May exchange for other Institutional Class shares.

May exchange for other Ultra Class shares.

None

(6) Subject to restrictions, rights and conditions set forth in the prospectuses and statements of additional information, each class of shares may be exchanged for shares of same class of any other Multi-Class Fund. [Exchanges between Class A shares and Select Class shares are only permitted for former One Group shareholder accounts that were open on February 18, 2005.]

(7) Effective February 19, 2005. Through February 18, 2005, Class A shares may only be exchanged for Class A shares of other JPMorgan Funds.

(8) Effective February 19, 2005. Through February 18, 2005, Select Class shares may only be exchanged for Select Class shares of other JPMorgan Funds.

Money Market Funds

Morgan Class

Reserve Class

Class B

Class C

Select Class

Institutional
Class

Premier Class

Agency Class

Cash Management
Class

Initial Sales Load

None

Contingent Deferred Sales Charge (CDSC)

None

5.00% in the first year, declining to 1.00% in the sixth year and eliminated thereafter.

1.00% in the first year and eliminated thereafter.

None

Rule 12b-1 Distribution Fees

0.10% per annum of average daily net assets.(9)

0.25% per annum of average daily net assets.

0.75% per annum of average daily net assets.

None

0.50% per annum of average daily net assets.

Shareholder Servicing Fees

Up to 0.35% per annum of average daily net assets.

Up to 0.30% per annum of average daily net assets.(10)

Up to 0.25% per annum of average daily net assets.

Up to 0.10% per annum of average daily net assets.

Up to 0.30% per annum of average daily net assets.(11)

Up to 0.15% per annum of average daily net assets.(12)

Up to 0.30% per annum of average daily net assets.(13)

Conversion Features

None

Convert to Morgan Class shares on the first business day of the month following the eighth anniversary of the original purchase, based on relative net asset values of the two classes. Shares acquired by the reinvestment of dividends and distributions are included in the conversion.

None

Exchange Privileges(14)

May exchange for (i) other Morgan Class shares or (ii) Class A shares of a non-money market fund, subject to eligibility requirements and any applicable initial sales load, or [(iii) Premier Class shares of the same Fund, subject to eligibility requirements].

May exchange for other Reserve Class shares.

May exchange for other Class B shares.

May exchange for other Class C shares.

May exchange for other Select Class shares.

May exchange for other Institutional Class shares.

May exchange for (i) other Premier Class shares, [(ii) Morgan Class shares of the same Fund, subject to eligibility requirements, or (iii) Select Class shares of a non-money market fund].

May exchange for other Agency Class shares.

May exchange for other Cash Management Class shares.

(9) Morgan Class shareholders of the JPMorgan Prime Money Market Fund will be asked to approve the 0.10% fee to be charged pursuant to this Plan at a shareholder meeting to be held January 20, 2005. This 0.10% fee with respect to the Morgan Class shares of the JPMorgan Prime Money Market Fund shall not be effective until the later of (1) the date that the requisite shareholder approval under the Investment Company Act of 1940 is obtained or (2) February 19, 2005. Through February 18, 2005, no Rule 12b-1 fee will be charged with respect to the Morgan Class shares of JPMorgan Prime Money Market Fund.

(10) Effective February 19, 2005. Through February 18, 2005, Reserve Class shares are subject to a Shareholder Servicing Fee of up to 0.25% of the average daily net assets attributable to Reserve Class shares.

(11) Effective February 19, 2005. Through February 18, 2005, Premier Class shares are subject to a Shareholder Servicing Fee of up to 0.25% of the average daily net assets attributable to Premier Class shares.

(12) Effective February 19, 2005. Through February 18, 2005, Agency Class shares are subject to a Shareholder Servicing Fee of up to 0.10% of the average daily net assets attributable to Agency Class shares.

(13) Effective February 19, 2005. Through February 18, 2005, Cash Management Class shares are subject to a Shareholder Servicing Fee of up to 0.25% of the average daily net assets attributable to Cash Management Class shares.

(14) Subject to restrictions, rights and conditions set forth in the prospectuses and statements of additional information, each class of shares may be exchanged for shares of same class of any other Multi-Class Fund. [Exchanges between Morgan Class shares and Premier Class shares are only permitted for former One Group shareholder accounts that were open on February 18, 2005.]

Other Shareholder Services.

For each Class of a Multi-Class Fund, other shareholder services may be offered as provided in the Prospectus. The Funds’ shareholder servicing agent may subcontract with other parties for the provision of various sub-accounting, processing, communication and sub-administrative services.

Conversions.

All Class B shares of the Multi-Class Funds shall convert automatically to Class A (Morgan Class shares for money market funds) shares in the ninth year (seventh year for Short-Term Funds effective February 19, 2005) after the date of purchase, together with the pro rata portion of all Class B shares representing dividends and other distributions paid in additional Class B shares. The conversion will be effected at the relative net asset values per share of the two classes on the first business day of the month following the eighth (sixth for Short-Term Funds effective February 19, 2005) anniversary of the original purchase.

After conversion, the converted shares will be subject to an asset-based sales charge and/or service fee (as those terms are defined in Rule 2830 of the National Association of Securities Dealers, Inc. Conduct Rules), if any, that in the aggregate are equal to or lower than the asset-based sales charge and service fee to which they were subject prior to that conversion. In no event will a class of shares have a conversion feature that automatically would convert shares of such class into shares of a class with a distribution arrangement that could be viewed as less favorable to the shareholder from the point of view of overall cost.

The implementation of the conversion feature is subject to the continuing availability of a ruling of the Internal Revenue Service, or of an opinion of counsel or tax advisor, stating that the conversion of one class of shares to another does not constitute a taxable event under federal income tax law. The conversion feature may be suspended if such a ruling or opinion is not available.

If a Multi-Class Fund implements any amendment to a Distribution Plan (or, if presented to shareholders, adopts or implements any amendment of a Distribution Plan) that the Board of Trustees determines would materially increase the charges that may be borne by the Class A shareholders under such plan, the Class B shares will stop converting to the Class A shares until the Class B shares, voting separately, approve the amendment or adoption. The Board of Trustees shall have sole discretion in determining whether such amendment or adoption is to be submitted to a vote of the Class B shareholders. Should such amendment or adoption not be submitted to a vote of the Class B shareholders or, if submitted, should the Class B shareholders fail to approve such amendment or adoption, the Board of Trustees shall take such action as is necessary to: (1) create a new class (the “New Class A Shares”) which shall be identical in all material respects to the Class A shares as they existed prior to the implementation of the amendment or adoption and (2) ensure that the existing Class B shares will be exchanged or converted into New Class A Shares no later than the date such Class B hares were scheduled to convert to Class A shares. If deemed advisable by the Board of Trustees to implement the foregoing, and at the sole discretion of the Board of Trustees, such action may include the exchange of all Class B shares for a new class (the “New Class B Shares”), identical in all respects to the Class B shares except that the New Class B Shares will automatically convert into the New Class A Shares. Such exchanges or conversions shall be effected in a manner that the Board of Trustees reasonably believes will not be subject to federal taxation.

If a Multi-Class Fund implements any amendment to a Distribution Plan that the Board of Trustees determines would materially increase the charges that may be borne by the Morgan Class shareholders under such plan, the Class B shares will stop converting to the Morgan Class shares until the Class B

shares, voting separately, approve the amendment or adoption. The Board of Trustees shall have sole discretion in determining whether such amendment or adoption is to be submitted to a vote of the Class B shareholders. Should such amendment or adoption not be submitted to a vote of the Class B shareholders or, if submitted, should the Class B shareholders fail to approve such amendment or adoption, the Board of Trustees shall take such action as is necessary to: (1) create a new class (the “New Morgan Class Shares”) which shall be identical in all material respects to the Morgan Class shares as they existed prior to the implementation of the amendment or adoption and (2) ensure that the existing Class B shares will be exchanged or converted into New Morgan Class Shares no later than the date such Class B hares were scheduled to convert to Morgan Class shares. If deemed advisable by the Board of Trustees to implement the foregoing, and at the sole discretion of the Board of Trustees, such action may include the exchange of all Class B shares for a new class (the “New Class B Shares”), identical in all respects to the Class B shares except that the New Class B Shares will automatically convert into the New Morgan Class Shares. Such exchanges or conversions shall be effected in a manner that the Board of Trustees reasonably believes will not be subject to federal taxation.

Redemption Fees

Shareholders generally may redeem their shares without sales charge on any Business Day. Exceptions to this general rule applicable to deferred sales charges on Class B and Class C shares, and certain Class A shares are detailed above. In addition, shares of each class of the Funds indicated with an asterisk (*) in the attached Exhibit B purchased after February 18, 2005 and held for less than 60 days are redeemable (or exchangeable) at a price equal to 98% of the Fund’s then-current NAV per share, less any applicable contingent deferred sales charge. This 2% discount, referred to in the Funds’ prospectuses and the Statements of Additional Information as a redemption fee, directly affects the amount a shareholder who is subject to the discount receives upon redemption or exchange. The redemption fee is paid to the Funds and is designed to offset the brokerage commissions, capital gains impact, and other costs associated with fluctuations in fund assets levels and cash flow caused by short-term shareholder trading.

The redemption fee does not apply to shares purchased through reinvested distributions (dividends and capital gains), or mutual fund wrap fee programs, or shares redeemed as part of a termination of certain corporate retirement plans or redemptions of a corporate retirement plan’s entire share position with the Fund, shares redeemed by balance forward funds or shares redeemed on a systematic basis, including shares redeemed as a result of required minimum distributions under certain corporate retirement plans or IRAs or as part of a rebalancing program or shares redeemed as part of a bona fide asset allocation program; provided, that the redemption fee may be charged in the event that the distributor determines that such programs are being used as a market timing strategy. Redemptions made by affiliated funds of funds relying on Section 12(d)(1)(G) of the 1940 Act qualify under this exception. The redemption fee also does not apply to shares redeemed to collect a sub-minimum account fee or shares redeemed in liquidation of an account that fails to maintain the minimum account balance. The redemption fee will not apply to Class A shares received in connection with the conversion of Class B shares. The Funds do not require a redemption fee if the amount of such fee would be less than $50. Financial Advisors or Intermediaries may have a lower minimum or no minimum for charging redemption fees. In addition to the foregoing, the redemption fee does not apply to such other shares as provided in the Funds’ registration statement.

All redemption orders are effected at the net asset value per share next determined as reduced by any applicable CDSC.

In determining whether a particular redemption is subject to a redemption fee, it is assumed that the redemption is first of shares acquired pursuant to reinvestment of dividends and capital gain distributions

followed by other shares held by the shareholder for the longest period of time. This method should result in the lowest possible sales charge.

Dividends

Shareholders automatically receive all income dividends and capital gain distributions in additional shares of the same class at the net asset value next determined following the record date, unless the shareholder has elected to take such payment in cash.

Class B shares received as dividends and capital gains distributions at the net asset value next determined following the record date shall be held in separate Class B Shares sub-accounts.

In the absence of waivers, the amount of dividends payable on some classes will be more than the dividends payable on other classes of shares because of the distribution expenses and/or service fees charged to the various classes of shares.

Board Review.

The Board of Trustees of each Company shall review this Plan as frequently as it deems necessary. Prior to any material amendment(s) to this Plan, the Board of Trustees, including a majority of the Trustees that are not interested persons of a Company, shall find that the Plan, as proposed to be amended (including any proposed amendments to the method of allocating class and/or fund expenses), is in the best interest of each class of shares of a Multi-Class Fund individually and the Fund as a whole. In considering whether to approve any proposed amendment(s) to the Plan, the Trustees shall request and evaluate such information as they consider reasonably necessary to evaluate the proposed amendment(s) to the Plan.

In making its determination to approve this Plan, the Trustees have focused on, among other things, the relationship between or among the classes and has examined potential conflicts of interest among classes regarding the allocation of fees, services, waivers and reimbursements of expenses, and voting rights. The Board has evaluated the level of services provided to each class and the cost of those services to ensure that the services are appropriate and the allocation of expenses is reasonable. In approving any subsequent amendments to this Plan, the Board shall focus on and evaluate such factors as well as any others deemed necessary by the Board.

Adopted effective: August 19, 2004

EXHIBIT A

Investment Companies Adopting this Combined Rule 18f-3 Multi-Class Plan

(as of August 19, 2004)

Name of the Trust

Name of Entity		State and Form of Organization
J.P. Morgan Fleming Mutual Fund Group, Inc.*		Maryland corporation
J.P. Morgan Funds		Massachusetts business trust
J.P. Morgan Institutional Funds*		Massachusetts business trust
J.P. Morgan Mutual Fund Group*		Massachusetts business trust
J.P. Morgan Mutual Fund Investment Trust*		Massachusetts business trust
J.P. Morgan Mutual Fund Select Group*		Massachusetts business trust
J.P. Morgan Mutual Fund Select Trust*		Massachusetts business trust
J.P. Morgan Mutual Fund Series**		Massachusetts business trust
J.P. Morgan Mutual Fund Trust*		Massachusetts business trust
J.P. Morgan Series Trust*		Massachusetts business trust
Undiscovered Managers Funds		Massachusetts business trust
UM Investment Trust		Massachusetts business trust

*		On August 19, 2004, the Boards of Trustees of these Trusts approved the reorganization and redomiciliation of the Funds included in those Trusts with and into corresponding series of J.P. Morgan Mutual Fund Series, subject in each case to the approval of each reorganization and redomiciliation transaction on a Fund-by-Fund basis by the shareholders of the affected Funds at a shareholder meeting to be held January 20, 2005 (“Shell Reorganization”). To the extent that all of the Funds in a Trust approve the Shell Reorganization, this Plan shall not be effective, or shall cease to be effective, with respect to that Trust.

**		On August 19, 2004, the Board of Trustees of J.P. Morgan Mutual Fund Series approved the redomiciliation of J.P. Morgan Mutual Fund Series as a Delaware statutory trust to be known as JPMorgan Trust I, subject to the approval of the redomiciliation transaction by shareholders of J.P. Morgan Mutual Fund Series at a shareholder meeting to be held January 20, 2005 (“Redomiciliation”). If the Redomiciliation is approved by shareholders, this Plan shall continue in effect with respect to each remaining Fund that is a series of J.P. Morgan Mutual Fund Series following the Redomiciliation for the remaining term of this Plan and JPMorgan Trust I shall succeed to the rights and obligations of J.P. Morgan Mutual Fund Series under this Plan effective as of the close of business on the Closing Date with respect to the Redomiciliation.

EXHIBIT B

Multi-Class Funds Covered under Combined Rule 18f-3 Multi-Class Plan

(as of August 19, 2004)

New classes are indicated in bold face.

Variable NAV Funds

Class A

Class B

Class C

Select
Class

Institutional
Class

Ultra
Class

M Class

Investor
Class

JPMorgan Bond Fund

JPMorgan Bond Fund II

JPMorgan California Bond Fund

JPMorgan Capital Growth Fund

JPMorgan Disciplined Equity Fund

JPMorgan Diversified Fund

JPMorgan Dynamic Small Cap Fund

JPMorgan Enhanced Income Fund

JPMorgan Equity Growth Fund

JPMorgan Equity Income Fund

JPMorgan Fleming Asia Equity Fund*

JPMorgan Fleming Emerging Markets Debt Fund*

JPMorgan Fleming Emerging Markets Equity Fund*

JPMorgan Fleming International Equity Fund*

JPMorgan Fleming International Growth Fund*

JPMorgan Fleming International Opportunities Fund*

JPMorgan Fleming International Small Cap Equity Fund*

JPMorgan Fleming International Value Fund*

JPMorgan Fleming Intrepid European Fund*

JPMorgan Fleming Japan Fund*

JPMorgan Fleming Tax Aware International Opportunities Fund*

JPMorgan Global 50 Fund*

JPMorgan Global Healthcare Fund*

JPMorgan Global Strategic Income Fund*

JPMorgan Growth and Income Fund

JPMorgan Intermediate Tax Free Income Fund

JPMorgan Intrepid America Fund

JPMorgan Intrepid Growth Fund

JPMorgan Intrepid Investor Fund

JPMorgan Intrepid Value Fund

JPMorgan Market Neutral Fund

JPMorgan Mid Cap Equity Fund

JPMorgan Mid Cap Growth Fund

JPMorgan Mid Cap Value Fund

JPMorgan New Jersey Tax Free Income Fund

JPMorgan New York Intermediate Tax Free Income Fund

JPMorgan Select Growth and Income Fund

JPMorgan Short Term Bond Fund^

Class A

Class B

Class C

Select
Class

Institutional
Class

Ultra
Class

M Class

Investor
Class

JPMorgan Short Term Bond Fund II^

JPMorgan Small Cap Equity Fund

JPMorgan Small Cap Growth Fund

JPMorgan Strategic Income Fund

JPMorgan Tax Aware Disciplined Equity Fund

JPMorgan Tax Aware Enhanced Income Fund^

JPMorgan Tax Aware Large Cap Growth Fund

JPMorgan Tax Aware Large Cap Value Fund

JPMorgan Tax Aware Real Income Fund

JPMorgan Tax Aware Short-Intermediate Income Fund

JPMorgan Tax Aware U.S. Equity Fund

JPMorgan Tax Free Income Fund

JPMorgan Trust Small Cap Equity Fund

JPMorgan U.S. Equity Fund

JPMorgan U.S. Small Company Fund

JPMorgan U.S. Small Company Opportunities Fund

JPMorgan U.S. Treasury Income Fund

UM Multi-Strategy Fund

UM Small Cap Growth Fund

Undiscovered Managers Behavioral Growth Fund

Undiscovered Managers Behavioral Value Fund

Undiscovered Managers REIT Fund

Money Market Funds

Capital
Class

Institutional
Class

Agency
Class

Premier
Class

Morgan
Class

Reserve
Class

Class B

Class C

Select
Class

Cash
Management
Class

JPMorgan 100% U.S. Treasury Securities Money Market Fund

JPMorgan California Tax Free Money Market Fund

JPMorgan Federal Money Market Fund

JPMorgan Liquid Assets Money Market Fund

JPMorgan New York Tax Free Money Market Fund

JPMorgan Prime Money Market Fund

JPMorgan Tax Free Money Market Fund

JPMorgan Treasury Plus Money Market Fund

JPMorgan U.S. Government Money Market Fund