EXHIBIT B

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

(as of August 23, 2011)

JPMorgan Equity Funds

	Class A	Class B	Class C	Select	Institutional	Class R6	Class M	Investor	Class R2	Class R5
Highbridge Dynamic Commodities Strategy Fund	X		X	X						X
Highbridge Statistical Market Neutral Fund	X		X	X
JPMorgan Access Balanced Fund	X		X	X	X
JPMorgan Access Growth Fund	X		X	X	X
JPMorgan Alternative Strategies Fund	X		X	X						X
JPMorgan Asia Equity Fund	X			X	X
JPMorgan China Region Fund	X		X	X
JPMorgan Disciplined Equity Fund	X			X	X	X
JPMorgan Diversified Fund	X	X	X	X	X
JPMorgan Diversified Real Return Fund	X		X	X					X	X
JPMorgan Dynamic Growth Fund	X		X	X						X
JPMorgan Dynamic Small Cap Growth Fund	X	X	X	X
JPMorgan Emerging Economies Fund	X		X	X						X
JPMorgan Emerging Markets Equity Fund	X	X	X	X	X
JPMorgan Equity Focus Fund	X		X	X
JPMorgan Equity Income Fund	X	X	X	X					X	X
JPMorgan Equity Index Fund	X	X	X	X
JPMorgan Global Allocation Fund	X		X	X					X
JPMorgan Global Equity Income Fund	X		X	X					X	X
JPMorgan Global Focus Fund	X		X	X						X
JPMorgan Global Natural Resources Fund	X		X	X		X			X	X
JPMorgan Growth Advantage Fund	X	X	X	X						X
JPMorgan Growth and Income Fund	X	X	X	X
JPMorgan Growth Long/Short Fund	X		X	X
JPMorgan Income Builder Fund	X		X	X
JPMorgan India Fund	X		X	X
JPMorgan International Equity Fund	X	X	X	X		X			X	X
JPMorgan International Equity Index Fund	X	X	X	X					X
JPMorgan International Opportunities Fund	X	X	X	X	X	X
JPMorgan International Opportunities Plus Fund	X		X	X
JPMorgan International Realty Fund	X		X	X						X
JPMorgan International Small Cap Equity Fund	X	X		X	X
JPMorgan International Value Fund	X	X	X	X	X	X			X
JPMorgan Intrepid America Fund	X		X	X					X	X
JPMorgan Intrepid European Fund	X	X	X	X	X
JPMorgan Intrepid Growth Fund	X		X	X					X	X
JPMorgan Intrepid International Fund	X		X	X	X				X
JPMorgan Intrepid Mid Cap Fund	X	X	X	X

1

	Class A	Class B	Class C	Select	Institutional	Class R6	Class M	Investor	Class R2	Class R5
JPMorgan Intrepid Multi Cap Fund	X		X	X
JPMorgan Intrepid Value Fund	X		X	X		X			X	X
JPMorgan Investor Balanced Fund	X	X	X	X
JPMorgan Investor Conservative Growth Fund	X	X	X	X
JPMorgan Investor Growth & Income Fund	X	X	X	X
JPMorgan Investor Growth Fund	X	X	X	X
JPMorgan Large Cap Growth Fund	X	X	X	X		X			X	X
JPMorgan Large Cap Value Fund	X	X	X	X		X			X	X
JPMorgan Latin America Fund*	X		X	X
JPMorgan Market Expansion Index Fund	X	X	X	X					X
JPMorgan Mid Cap Core Fund	X		X	X		X			X	X
JPMorgan Mid Cap Equity Fund	X		X	X
JPMorgan Mid Cap Growth Fund	X	X	X	X		X			X	X
JPMorgan Mid Cap Value Fund	X	X	X	X	X				X
JPMorgan Multi-Cap Long/Short Fund	X		X	X
JPMorgan Multi-Cap Market Neutral Fund	X	X	X	X
JPMorgan Realty Income Fund	X	X	X		X					X
JPMorgan Research Equity Long/Short Fund	X		X	X						X
JPMorgan Research Market Neutral Fund	X	X	X	X	X
JPMorgan Russia Fund	X		X	X
JPMorgan Small Cap Core Fund				X
JPMorgan Small Cap Equity Fund	X	X	X	X					X	X
JPMorgan Small Cap Growth Fund	X	X	X	X	X	X			X
JPMorgan Small Cap Value Fund	X	X	X	X		X			X	X
JPMorgan SmartRetirement 2010 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2015 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2020 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2025 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2030 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2035 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2040 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2045 Fund	X		X	X	X				X
JPMorgan SmartRetirement 2050 Fund	X		X	X	X				X
JPMorgan SmartRetirement Income Fund	X		X	X	X				X
JPMorgan Tax Aware Equity Fund	X		X	X	X
JPMorgan U.S. Dynamic Plus Fund	X		X	X
JPMorgan U.S. Equity Fund	X	X	X	X	X	X			X	X
JPMorgan U.S. Large Cap Core Plus Fund	X		X	X					X	X
JPMorgan U.S. Large Cap Core Plus Fund II	X		X	X	X
JPMorgan U.S. Large Cap Value Plus Fund	X		X	X						X
JPMorgan U.S. Real Estate Fund	X		X	X					X	X
JPMorgan U.S. Research Equity Plus Fund	X		X	X		X			X	X
JPMorgan U.S. Small Company Fund	X		X	X	X	X			X
JPMorgan Value Advantage Fund	X		X	X	X
JPMorgan Value Discovery Fund	X		X	X						X
Security Capital U.S. Core Real Estate Securities Fund	X		X	X		X			X	X

2

	Class A	Class B	Class C	Select	Institutional	Class R6	Class M	Investor	Class R2	Class R5
Undiscovered Managers Behavioral Growth Fund	X	X	X		X			X
Undiscovered Managers Behavioral Value Fund	X	X	X		X

JPMorgan Fixed Income Funds

	Class A	Class B	Class C	Select	Institutional	Class R6	Class R2	Class R5
JPMorgan Arizona Municipal Bond Fund	X	X	X	X
JPMorgan California Tax Free Bond Fund	X		X	X	X
JPMorgan Core Bond Fund	X	X	X	X		X	X	X
JPMorgan Core Plus Bond Fund	X	X	X	X	X	X	X
JPMorgan Credit Opportunities Fund	X		X	X		X	X	X
JPMorgan Emerging Markets Debt Fund	X		X	X			X	X
JPMorgan Floating Rate Income Fund	X		X	X
JPMorgan Government Bond Fund	X	X	X	X		X	X
JPMorgan High Yield Fund	X	X	X	X		X	X	X
JPMorgan Inflation Managed Bond Fund	X		X	X		X	X	X
JPMorgan Intermediate Tax Free Bond Fund	X	X	X	X	X
JPMorgan International Currency Income Fund	X		X	X
JPMorgan Michigan Municipal Bond Fund	X	X	X	X
JPMorgan Mortgage-Backed Securities Fund	X			X		X
JPMorgan Multi-Sector Income Fund	X		X	X		X	X	X
JPMorgan Municipal Income Fund	X	X	X	X
JPMorgan New York Tax Free Bond Fund	X	X	X	X	X
JPMorgan Ohio Municipal Bond Fund	X	X	X	X
JPMorgan Real Return Fund	X		X	X	X
JPMorgan Strategic Income Opportunities Fund	X		X	X				X
JPMorgan Strategic Preservation Fund	X		X	X				X
JPMorgan Tax Aware High Income Fund	X		X	X
JPMorgan Tax Aware Income Opportunities Fund	X		X	X
JPMorgan Tax Aware Real Return Fund	X		X	X	X
JPMorgan Tax Free Bond Fund	X	X	X	X
JPMorgan Total Return Fund	X		X	X				X

3

JPMorgan Short-Term Fixed Income Funds

	Class A	Class B	Class C	Select	Institutional	Class R6	Class M	Class R5
JPMorgan Current Income Fund				X	X
JPMorgan Managed Income Fund				X	X
JPMorgan Short Duration Bond Fund	X	X	X	X		X
JPMorgan Short Term Bond Fund II	X			X			X
JPMorgan Short-Intermediate Municipal Bond Fund	X	X	X	X	X
JPMorgan Treasury & Agency Fund	X	X	X	X
JPMorgan Limited Duration Bond Fund	X	X	X	X		X

Money Market Funds

Capital

Institutional

Agency

Premier

Investor

Morgan

Reserve

Class B

Class C

Cash Management

Service

E*TRADE

Direct

Eagle

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

X

X

X

X

X

X

X

JPMorgan California Municipal Money Market Fund

X

X

X

JPMorgan Current Yield Money Market Fund

X

X

JPMorgan Federal Money Market Fund

X

X

X

X

X

JPMorgan Liquid Assets Money Market Fund

X

X

X

X

X

X

X

X

X

X

X

JPMorgan Michigan Municipal Money Market Fund

X

X

X

JPMorgan Municipal Money Market Fund

X

X

X

X

X

X

X

JPMorgan New York Municipal Money Market Fund

X

X

X

X

JPMorgan Ohio Municipal Money Market Fund

X

X

X

X

JPMorgan Prime Money Market Fund

X

X

X

X

X

X

X

X

X

X

X

X

X

JPMorgan Tax Free Money Market Fund

X

X

X

X

X

X

X

JPMorgan U.S. Government Money Market Fund

X

X

X

X

X

X

X

X

X

JPMorgan U.S. Treasury Plus Money Market Fund

X

X

X

X

X

X

X

X

X

X

4