0001217286 2010-11-30 2011-11-29 0001217286 jpmt28:S000034582Member 2010-11-30 2011-11-29 Other JPMorgan Trust I 0001217286 false 2012-11-19 2012-11-19 2011-11-29 2012-11-19 J.P. MORGAN INTERNATIONAL EQUITY FUNDS JPMorgan Asia Pacific Fund (All Share Classes) (a series of JPMorgan Trust I) Supplement dated November 19, 2012 to the Prospectus dated November 29, 2011, as supplemented June 29, 2012 With respect to the JPMorgan Asia Pacific Fund, (the Fund), the following is hereby added at the end of the section The Funds Main Investment Risks in the Funds prospectus: Structured Instrument Risk. Instruments that have similar economic characteristics to equity securities, such as participation notes or other structured instruments (structured instruments) are structured, synthetic instruments that generally attempt to replicate the performance of a particular equity or market (reference assets). There can be no assurance that structured instruments will trade at the same price or have the same value as the reference assets. In addition, structured instruments may be subject to transfer restrictions and may be illiquid or thinly traded and less liquid than other types of securities, which may also expose the Fund to risks of mispricing or improper valuation. Structured instruments typically are not secured by the reference assets and are therefore dependent solely upon the counterparty for repayment. Structured instruments also have the same risks associated with a direct investment in the reference assets. Privately Placed Securities Risk. Privately placed securities generally are less liquid than publicly traded securities and the Fund may not always be able to sell such securities without experiencing delays in finding buyers or reducing the sale price for such securities. The disposition of some of the securities held by the Fund may be restricted under federal securities laws. As a result, the Fund may not be able to dispose of such investments at a time when, or at a price at which, it desires to do so and may have to bear expenses of registering these securities, if necessary. These securities may also be difficult to value.     INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR FUTURE REFERENCE   J.P. MORGAN INTERNATIONAL EQUITY FUNDS JPMorgan Asia Pacific Fund (All Share Classes) (a series of JPMorgan Trust I) Supplement dated November 19, 2012 to the Prospectus dated November 29, 2011, as supplemented June 29, 2012 With respect to the JPMorgan Asia Pacific Fund, (the Fund), the following is hereby added at the end of the section The Funds Main Investment Risks in the Funds prospectus: Structured Instrument Risk. Instruments that have similar economic characteristics to equity securities, such as participation notes or other structured instruments (structured instruments) are structured, synthetic instruments that generally attempt to replicate the performance of a particular equity or market (reference assets). There can be no assurance that structured instruments will trade at the same price or have the same value as the reference assets. In addition, structured instruments may be subject to transfer restrictions and may be illiquid or thinly traded and less liquid than other types of securities, which may also expose the Fund to risks of mispricing or improper valuation. Structured instruments typically are not secured by the reference assets and are therefore dependent solely upon the counterparty for repayment. Structured instruments also have the same risks associated with a direct investment in the reference assets. Privately Placed Securities Risk. Privately placed securities generally are less liquid than publicly traded securities and the Fund may not always be able to sell such securities without experiencing delays in finding buyers or reducing the sale price for such securities. The disposition of some of the securities held by the Fund may be restricted under federal securities laws. As a result, the Fund may not be able to dispose of such investments at a time when, or at a price at which, it desires to do so and may have to bear expenses of registering these securities, if necessary. These securities may also be difficult to value.     INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR FUTURE REFERENCE