Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan 100% U.S. Treasury Securities Money Market Fund	JPMorgan 100% U.S. Treasury Securities Money Market Fund	Capital	0.05%
		Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
JPMorgan California Municipal Money Market Fund	JPMorgan California Tax Free Money Market Fund	Morgan	0.35%
		E*TRADE	0.30%
JPMorgan Federal Money Market Fund	JPMorgan Federal Money Market Fund	Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
JPMorgan Liquid Assets Money Market Fund	One Group Prime Money Market Fund	Capital	0.05%
		Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Investor	0.35%
		Morgan	0.35%
		Reserve	0.30%
		Class B	0.25%
		Class C	0.25%
		Service	0.30%
JPMorgan Michigan Municipal Money Market Fund	One Group Michigan Municipal Money Market Fund	Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
JPMorgan Municipal Money Market Fund	One Group Municipal Money Market Fund	Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
		Service	0.30%
		E*TRADE	0.30%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan New York Municipal Money Market Fund	JPMorgan New York Tax Free Money Market Fund	Morgan	0.35%
		Reserve	0.30%
		E*TRADE	0.30%
JPMorgan Ohio Municipal Money Market Fund	One Group Ohio Municipal Money Market Fund	Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
JPMorgan Prime Money Market Fund	JPMorgan Prime Money Market Fund	Capital	0.05%
		Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
		Class B	0.25%
		Class C	0.25%
		Cash Management	0.30%
JPMorgan Tax Free Money Market Fund	JPMorgan Tax Free Money Market Fund	Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
JPMorgan U.S. Government Money Market Fund	One Group Government Money Market Fund	Capital	0.05%
		Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
		Service	0.30%
JPMorgan U.S. Treasury Plus Money Market Fund	One Group U.S. Treasury Securities Money Market Fund	Institutional	0.10%
		Agency	0.15%
		Premier	0.30%
		Investor	0.35%
		Morgan	0.35%
		Reserve	0.30%
		Class B	0.25%
		Class C	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
Highbridge Statistical Market Neutral Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%

JPMorgan Asia Equity Fund	JPMorgan Fleming Asia Equity Fund	Class A	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Capital Growth Fund	JPMorgan Capital Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan China Region Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Disciplined Equity Fund	JPMorgan Disciplined Equity Fund	Class A	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Diversified Fund	JPMorgan Diversified Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Intrepid Mid Cap Fund	One Group Diversified Mid Cap Fund and JPMorgan Diversified Mid Cap Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Diversified Mid Cap Growth Fund	One Group Mid Cap Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Diversified Mid Cap Value Fund	One Group Mid Cap Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Dynamic Growth Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Dynamic Small Cap Core Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Dynamic Small Cap Growth Fund	JPMorgan Dynamic Small Cap Fund (name effective until 6/29/07)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Emerging Markets Equity Fund	JPMorgan Fleming Emerging Markets Equity Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Equity Income Fund	One Group Equity Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Equity Index Fund	One Group Equity Index Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Global Focus Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Growth and Income Fund	JPMorgan Growth and Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan India Fund	N/A	Class A	0.25%
		Class C	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
		Select	0.25%
		R Class	0.05%
JPMorgan International Equity Fund	JPMorgan Fleming International Equity Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan International Equity Index Fund	One Group International Equity Index Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan International Growth Fund (to be deleted upon liquidation expected 8/31/07)	JPMorgan Fleming International Growth Fund	Class A	0.25%
		Class B	0.25%
JPMorgan International Opportunities Fund	JPMorgan Fleming International Opportunities Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan International Small Cap Equity Fund	JPMorgan Fleming International Small Cap Equity Fund	Class A	0.25%
		Class B	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan International Realty Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan International Value Fund	JPMorgan Fleming International Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Intrepid America Fund	JPMorgan Intrepid America Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Intrepid Multi Cap Fund	JPMorgan Intrepid Investor Fund and JPMorgan Intrepid Contrarian Fund (name effective until 4/10/06)	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Intrepid European Fund	JPMorgan Fleming Intrepid European Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Intrepid Growth Fund	JPMorgan Intrepid Growth Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Intrepid Plus Fund (to be renamed effective 11/1/07)	JPMorgan Intrepid Long/Short Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Intrepid Value Fund	JPMorgan Intrepid Value Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Investor Balanced Fund	One Group Investor Balanced Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Investor Conservative Growth Fund	One Group Investor Conservative Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Investor Growth Fund	One Group Investor Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Investor Growth & Income Fund	One Group Investor Growth & Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Japan Fund	JPMorgan Fleming Japan Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Large Cap Growth Fund	One Group Large Cap Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Large Cap Value Fund	One Group Large Cap Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Latin America Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Market Expansion Index Fund	One Group Market Expansion Index Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Market Neutral Fund	JPMorgan Market Neutral Fund	Class A	0.25%
		Class B	0.25%
		Institutional	0.10%
JPMorgan Micro Cap Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Mid Cap Equity Fund	JPMorgan Mid Cap Equity Fund	Class A	0.25%
		Select	0.25%
JPMorgan Growth Advantage Fund	JPMorgan Mid Cap Growth Fund (change effective 8/17/05)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Mid Cap Value Fund	JPMorgan Mid Cap Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Multi-Cap Market Neutral Fund	One Group Market Neutral Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Russia Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Small Cap Core Fund	JPMorgan Trust Small Cap Equity Fund	Select	0.25%
JPMorgan Small Cap Equity Fund	JPMorgan Small Cap Equity Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Small Cap Growth Fund	One Group Small Cap Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Small Cap Value Fund	One Group Small Cap Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan SmartRetirement Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2010 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan SmartRetirement 2015 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2020 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2025 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2030 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2035 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2040 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2045 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartRetirement 2050 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Strategic Appreciation Fund	JPMorgan Global Strategic Appreciation Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Strategic Preservation Fund	JPMorgan Global Strategic Preservation Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Strategic Small Cap Value Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Tax Aware Core Equity Fund	N/A	Select	0.25%
JPMorgan Tax Aware Disciplined Equity Fund	JPMorgan Tax Aware Disciplined Equity Fund	Institutional	0.10%
JPMorgan Tax Aware Diversified Equity Fund	N/A	Select	0.25%

JPMorgan Intrepid International Fund	JPMorgan Fleming Tax Aware International Opportunities Fund and JPMorgan Tax Aware International Opportunities Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Tax Aware Large Cap Growth Fund	JPMorgan Tax Aware Large Cap Growth Fund	Select	0.25%
JPMorgan Equity Income II Fund	JPMorgan Tax Aware Large Cap Value Fund (this name effective until 9/15/06)	Select	0.25%
JPMorgan Tax Aware U.S. Equity Fund	JPMorgan Tax Aware U.S. Equity Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan U.S. Equity Fund	JPMorgan U.S. Equity Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		R Class	0.05%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan U.S. Large Cap Core Plus Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan U.S. Large Cap Value Plus Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan U.S. Real Estate Fund	One Group Real Estate Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan U.S. Small Company Fund	JPMorgan U.S. Small Company Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Value Advantage Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Value Discovery Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
Undiscovered Managers Small Cap Growth Fund	UM Small Cap Growth Fund	Class A	0.25%
		Institutional	0.10%
Undiscovered Managers Behavioral Growth Fund	Undiscovered Managers Behavioral Growth Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Institutional	0.10%
		Investor Class	0.35%¹

¹This amount represents the combined amount that may be paid by the Investor Shares of the Fund under the Distribution Plan and the Shareholder Servicing Agreement.

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
Undiscovered Managers Behavioral Value Fund	Undiscovered Managers Behavioral Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Institutional	0.10%
JPMorgan Realty Income Fund	Undiscovered Managers REIT Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Institutional	0.10%
		R Class	0.05%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Arizona Municipal Bond Fund	One Group Arizona Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Bond Fund	JPMorgan Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan California Tax Free Bond Fund	JPMorgan California Bond Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Core Bond Fund	One Group Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Core Plus Bond Fund	One Group Income Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Enhanced Income Fund	JPMorgan Enhanced Income Fund	Institutional	0.10%
JPMorgan Emerging Markets Debt Fund	JPMorgan Fleming Emerging Markets Debt Fund	Select	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
		Class A	0.25%
		Class C	0.75%
		R Class	0.05%
JPMorgan Strategic Income Fund	JPMorgan Global Strategic Income Fund (name effective until 6/16/06)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class M	0.30%
JPMorgan Government Bond Fund	One Group Government Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan High Yield Bond Fund	One Group High Yield Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Income Builder Fund	JPMorgan World Income Builder Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Intermediate Bond Fund	One Group Intermediate Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Intermediate Tax Free Bond Fund	JPMorgan Intermediate Tax Free Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan International Currency Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		R Class	0.05%
JPMorgan Kentucky Municipal Bond Fund	One Group Kentucky Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Louisiana Municipal Bond Fund	One Group Louisiana Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
		Select	0.25%
JPMorgan Michigan Municipal Bond Fund	One Group Michigan Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Mortgage-Backed Securities Fund	One Group Mortgage-Backed Securities Fund	Class A	0.25%
		Select	0.25%
JPMorgan Municipal Income Fund	One Group Municipal Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan New York Tax Free Bond Fund	JPMorgan New York Intermediate Tax Free Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Ohio Municipal Bond Fund	One Group Ohio Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Real Return Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Short Duration Bond Fund	One Group Short-Term Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Short Term Bond Fund	JPMorgan Short Term Bond Fund	Class A	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Short Term Bond Fund II	JPMorgan Short Term Bond Fund II	Class A	0.25%
		Select	0.25%
		Class M	0.25%

Current Name	Former Name	Share Class	Shareholder Servicing Fee * (annual rate expressed as a percentage of the average daily net assets of each Class of Shares)
JPMorgan Short Term Municipal Bond Fund	One Group Short-Term Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Tax Aware Enhanced Income Fund	JPMorgan Tax Aware Enhanced Income Fund	Class A	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Tax Aware High Income Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Tax Aware Real Return Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Tax Aware Short-Intermediate Income Fund	JPMorgan Tax Aware Short-Intermediate Income Fund	Select	0.25%
		Institutional	0.10%
JPMorgan Tax Free Bond Fund	One Group Tax-Free Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Treasury & Agency Fund	One Group Treasury & Agency Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Ultra Short Duration Bond Fund	One Group Ultra Short-Term Bond Fund and JPMorgan Ultra Short Term Bond Fund (name change effective 7/1/06)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan West Virginia Municipal Bond Fund	One Group West Virginia Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%

* Up to 0.25% of this fee may be for the Shareholder Services described in Section 2.2 of this Agreement.

J.P. Morgan Fleming Mutual Fund Group, Inc. J.P. Morgan Mutual Fund Group J.P. Morgan Mutual Fund Investment Trust JPMorgan Trust I JPMorgan Trust II Undiscovered Managers Funds On behalf of themselves and each of their Funds

By:	/s/ Robert L. Young
Name:	Robert L. Young
Title:	Senior Vice President



JPMorgan Distribution Services, Inc.

By:	/s/ Nancy E. Fields
Name:	Nancy E. Fields
Title:	Vice President