EX-99.(H)(3)(B) 13 d23246_ex99-h3b.htm

SCHEDULE B

TO THE SHAREHOLDER SERVICING AGREEMENT

(Amended as of May 22, 2008)

Money Market Funds

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%

B - 1

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%

B - 2

Equity Funds

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%
		Class R5	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%

B - 3

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	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Dynamic Small Cap Core Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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 Economies Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
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%
		Class R5	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%

B - 4

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 India Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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%
		Class R5	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 Markets Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
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%
		Class R5	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%

B - 5

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 America Fund	JPMorgan Intrepid America Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5⁺⁺	0.05%
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%
		Class R5	0.05%
JPMorgan Intrepid Plus Fund	JPMorgan Intrepid Long/Short Fund (name effective until 11/1/07)	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%
		Class R5	0.05%
JPMorgan Intrinsic Value Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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%

B - 6

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 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%
JPMorgan Intrepid Japan Fund (name change effective 3/31/08)	JPMorgan Fleming Japan Fund and JPMorgan 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%
		Class R5	0.05%
JPMorgan Latin America Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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%

B - 7

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 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%
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%
		Class R5	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%
		Class R5	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%
		Class R5	0.05%
JPMorgan SmartRetirement Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%

B - 8

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 2010 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
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%
JPMorgan Strategic Appreciation Fund	JPMorgan Global Strategic Appreciation Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%

B - 9

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 Preservation Fund	JPMorgan Global Strategic Preservation Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Strategic Small Cap Value Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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%
		Class R5	0.05%
JPMorgan U.S. Large Cap Core Plus Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan U.S. Large Cap Value Plus Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%

B - 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 U.S. Real Estate Fund	One Group Real Estate Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	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
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%
		Class R5	0.05%

_________________________

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.

B - 11

Fixed Income Funds

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%
		Class R5	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%
		Class A	0.25%
		Class C	0.25%
		Class R5	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%
JPMorgan Government Bond Fund	One Group Government Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%

B - 12

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 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%
		Class R5	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%
		Class R5	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%
		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%

B - 13

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 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%
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 Strategic Income Opportunities Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
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	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%

B - 14

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 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 Total Return Fund (effective upon the effectiveness of the Fund’s registration statement)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
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.

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* * * *

JPMorgan Distribution Services, Inc.			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:			By:
Name:			Name:
Title:			Title:

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