SCHEDULE B

TO THE SHAREHOLDER SERVICING AGREEMENT

(Amended as of August 20, 2014)

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%
		Service	0.30%
JPMorgan California Municipal Money Market Fund	JPMorgan California Tax Free Money Market Fund	Morgan	0.35%
		E*TRADE	0.30%
		Service	0.30%
JPMorgan Current Yield Money Market Fund	N/A	Capital	0.05%
		Institutional	0.10%
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%
		E*TRADE	0.30%
JPMorgan Michigan Municipal Money Market Fund (to be liquidated on or about 12/15/14)	One Group Michigan Municipal Money Market Fund	Premier	0.30%
		Morgan	0.35%
		Reserve	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 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%
JPMorgan New York Municipal Money Market Fund	JPMorgan New York Tax Free Money Market Fund	Morgan	0.35%
		Reserve	0.30%
		Service	0.30%
		E*TRADE	0.30%
JPMorgan Ohio Municipal Money Market Fund (to be liquidated on or about 12/15/14)	One Group Ohio Municipal Money Market Fund	Premier	0.30%
		Morgan	0.35%
		Reserve	0.30%
		Service	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%
		Investor	0.35%
		Service	0.30%
		Direct	0.15%
		Eagle	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%
		Direct	0.15%
		Eagle	0.30%

B - 2

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. 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%
		Investor	0.35%
		Direct	0.15%
		Eagle	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%
		Service	0.30%
		Direct	0.15%
		Eagle	0.30%

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)
JPMorgan Access Balanced Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Access Growth Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Alternative Strategies Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%

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 Asia Pacific Fund	JPMorgan Asia Pacific Focus Fund (name effective until 6/28/12)	Class A	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%
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	Class A	0.25%
	Diversified Mid Cap Fund	Class B	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Mid Cap Growth Fund	One Group Mid Cap Growth Fund and JPMorgan Diversified	Class A	0.25%
	Mid Cap Growth Fund (name effective until 6/27/09)	Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
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 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%

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 Emerging Markets Equity Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Equity Focus Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Equity Income Fund	One Group Equity Income Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
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 Equity Low Volatility Income Fund	N/A	Class A	0.25%
(effective upon the effectiveness of the Fund’s registration statement)		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Europe Research Enhanced Equity Fund	N/A	Class A	0.25%
(effective upon the effectiveness of the Fund’s registration statement)		Class C	0.25%
		Select	0.25%
JPMorgan Global Allocation Income Fund	JPMorgan Global Flexible Fund (name effective until 2/17/11)	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
JPMorgan Global Equity Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Global Natural Resources Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%

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 Global Research Enhanced Index Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
JPMorgan Global Unconstrained Equity Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	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%
JPMorgan Hedged Equity 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 R2	0.25%
		Class R5	0.05%
JPMorgan International Research Enhanced Equity Fund	One Group International Equity Index Fund and JPMorgan	Class A	0.25%
	International Equity Index Fund (name effective until 6/30/14)	Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	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 Unconstrained Equity Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%

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 International Value Fund	JPMorgan Fleming International Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Institutional	0.10%
JPMorgan Intrepid America Fund	JPMorgan Intrepid America Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Intrepid Advantage Fund	JPMorgan Intrepid Investor Fund, JPMorgan Intrepid Contrarian	Class A	0.25%
	Fund (name effective until 4/10/06) and JPMorgan Intrepid	Class C	0.25%
	Multi Cap Fund (name effective until 4/30/13)	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 R2	0.25%
		Class R5	0.05%
JPMorgan Intrepid International Fund	JPMorgan Fleming Tax Aware International Opportunities	Class A	0.25%
	Fund and JPMorgan Tax Aware International	Class C	0.25%
	Opportunities Fund	Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan Intrepid Value Fund	JPMorgan Intrepid Value Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	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 - 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 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%
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%
		Class R2	0.25%
		Class R5	0.05%
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 R2	0.25%
		Class R5	0.05%
JPMorgan Latin America Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Market Expansion Enhanced Index Fund	One Group Market Expansion Index Fund and JPMorgan	Class A	0.25%
	Market Expansion Index Fund (name effective until 4/30/13)	Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
JPMorgan Market Neutral Fund	Highbridge Statistical Market Neutral Fund (name effective until 12/6/13)	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%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
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%
		Class R5	0.05%

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 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%
		Class R2	0.25%
JPMorgan Multi-Cap Long/Short Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
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 Multi-Manager Alternatives Fund	N/A	Class A	0.25%
(effective upon the effectiveness of the Fund’s registration statement)		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Opportunistic Equity Long/Short Fund	N/A	Class A	0.25%
(effective upon the effectiveness of the Fund’s registration statement)		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Research Equity Long/Short Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Research Market Neutral Fund	JPMorgan Market Neutral Fund (name effective until 2/28/10)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Institutional	0.10%
		Select	0.25%
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 R2	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 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%
		Class R2	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 R2	0.25%
		Class R5	0.05%
JPMorgan SmartAllocation Equity Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	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%
		Class R2	0.25%
JPMorgan SmartRetirement 2015 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2020 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2025 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2030 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%

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 SmartRetirement 2035 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2040 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2045 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2050 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement 2055 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	0.25%
JPMorgan SmartRetirement Blend Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2015 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2020 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%

B - 11

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 Blend 2025 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2030 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2035 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2040 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2045 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2050 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan SmartRetirement Blend 2055 Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Strategic Preservation Fund(to be liquidated on or about 9/29/14)	JPMorgan Global Strategic Preservation Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Systematic Alpha Fund	JPMorgan Diversified Risk Fund (name effective until 5/15/14)	Class A	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 Tax Aware Equity Fund	JPMorgan Tax Aware Disciplined Equity Fund (name effective until 12/10/10)	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan Total Emerging Markets Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan U.S. Dynamic Plus Fund	JPMorgan Intrepid Long/Short Fund (name effective until 11/1/07) and JPMorgan Intrepid Plus Fund (name effective until 5/3/10)	Class A	0.25%
		Class C	0.25%
		Select	0.25%
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 R2	0.25%
		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 R2	0.25%
		Class R5	0.05%
JPMorgan U.S. Research Equity Plus Fund		Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	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%
		Class R2	0.25%
JPMorgan Value Advantage Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
Undiscovered Managers Behavioral Value Fund	Undiscovered Managers Behavioral Value Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
		Class R2	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 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%
Security Capital U.S. Core Real Estate Securities Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%

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 (to be reorganized into JPMorgan Intermediate Tax-Free Bond Fund on or about 8/22/14)	One Group Arizona Municipal Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
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 Commodities Strategy Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Core Bond Fund	One Group Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	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%
		Class R2	0.25%
		Institutional	0.10%

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 Corporate Bond Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Current Income Fund	N/A	Select	0.25%
		Institutional	0.10%
JPMorgan Diversified Real Return Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Dynamic Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Emerging Markets Corporate Debt Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
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 Emerging Markets Local Currency Debt Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Floating Rate Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Global Bond Opportunities Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Government Bond Fund	One Group Government Bond Fund	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
JPMorgan High Yield Fund	One Group High Yield Bond Fund and JPMorgan High Yield Bond Fund (name effective until 9/14/09)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%

B - 15

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 Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Income Builder Fund	JPMorgan World Income Builder Fund	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Inflation Managed Bond Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
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%
JPMorgan Managed Income Fund	N/A	Select	0.25%
		Institutional	0.10%
JPMorgan Michigan Municipal Bond Fund (to be reorganized into JPMorgan Intermediate Tax-Free Bond Fund on or about 8/22/14)	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%
		Class C	0.25%
		Select	0.25%
JPMorgan Multi-Sector Income Fund (to be renamed JPMorgan Unconstrained Debt Fund on or about 10/20/14)	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
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%

B - 16

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 Ohio Municipal Bond Fund (to be reorganized into JPMorgan Intermediate Tax-Free Bond Fund on or about 8/22/14)	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 Duration High Yield Fund		Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Short-Intermediate Municipal Bond Fund	One Group Short-Term Municipal Bond Fund and JPMorgan Short Term Municipal Bond Fund (name effective until 4/30/09)	Class A	0.25%
		Class B	0.25%
		Class C	0.25%
		Select	0.25%
		Institutional	0.10%
JPMorgan SmartAllocation Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R2	0.25%
		Class R5	0.05%
JPMorgan Strategic Income Opportunities Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
JPMorgan Tax Aware High Income Fund	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
JPMorgan Tax Aware Income Opportunities Fund	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%

B - 17

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 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	N/A	Class A	0.25%
		Class C	0.25%
		Select	0.25%
		Class R5	0.05%
		Class R2	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 Limited Duration Bond Fund	One Group Ultra Short-Term Bond Fund and JPMorgan Ultra Short Term Bond Fund (name change effective 7/1/06) and JPMorgan Ultra Short Duration Bond Fund (name effective until 8/31/09)	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.

*    *    *    *

JPMorgan Distribution Services, Inc.		J.P. Morgan Fleming Mutual Fund Group, Inc. J.P. Morgan Mutual Fund Investment Trust JPMorgan Trust I JPMorgan Trust II JPMorgan Trust III Undiscovered Managers Funds On behalf of themselves and each of their Funds
By:	/s/ Robert L. Young	By:	/s/ Laura M. Del Prato
Name:	Robert L. Young	Name:	Laura M. Del Prato
Title:	Managing Director	Title:	Treasurer

B - 18