<table border='0' cellpadding='0' cellspacing='1' width='100%'><tr><td colspan='4'

align='center'>NAV History</td></tr></table>
<table border="0" cellpadding="0" cellspacing="1" width="100%">
<tr><td colspan="4" align="center" class="label-BGC"><span
id="ctl00_amfiHomeContent_lvNavHistoryOpt1_lblHeading">Historical NAV for a period
From 01-Apr-2009 to 30-Jun-2009</span></td></tr>

<tr class="label-BGC"><td colspan="4">JPMorgan Mutual

Fund</td></tr>
<tr class="label-BGC"><td colspan="4">JP Morgan India Smaller
Companies Fund</td></tr>
<tr class="label-BGC"><td colspan="4">JP Morgan India Smaller
Companies Fund - Dividend</td></tr> <tr> <td width="25%" align="center"
class="label-BGC" >Net Asset Value</td> <td width="25%" align="center"
class="label-BGC" >Repurchase Price</td> <td width="25%" align="center"
class="label-BGC" >Sale Price</td> <td width="25%" align="center" class="label-
BGC" >Date</td> </tr>
<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.102</td>
<td width="25%" align="right" valign="top">3.071</td>
<td width="25%" align="right" valign="top">3.172</td>
<td width="25%" align="center" valign="top" nowrap>01-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.207</td>
<td width="25%" align="right" valign="top">3.175</td>
<td width="25%" align="right" valign="top">3.279</td>
<td width="25%" align="center" valign="top" nowrap>02-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.246</td>
<td width="25%" align="right" valign="top">3.214</td>
<td width="25%" align="right" valign="top">3.319</td>
<td width="25%" align="center" valign="top" nowrap>06-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.304</td>
<td width="25%" align="right" valign="top">3.271</td>
<td width="25%" align="right" valign="top">3.378</td>
<td width="25%" align="center" valign="top" nowrap>08-Apr-
2009</td>
</tr>
 <tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.318</td>
<td width="25%" align="right" valign="top">3.285</td>
<td width="25%" align="right" valign="top">3.393</td>
<td width="25%" align="center" valign="top" nowrap>09-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.396</td>
<td width="25%" align="right" valign="top">3.362</td>
<td width="25%" align="right" valign="top">3.472</td>
<td width="25%" align="center" valign="top" nowrap>13-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.532</td>
<td width="25%" align="right" valign="top">3.497</td>
<td width="25%" align="right" valign="top">3.611</td>
<td width="25%" align="center" valign="top" nowrap>15-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.435</td>
<td width="25%" align="right" valign="top">3.401</td>
<td width="25%" align="right" valign="top">3.512</td>
<td width="25%" align="center" valign="top" nowrap>16-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.486</td>
<td width="25%" align="right" valign="top">3.451</td>
<td width="25%" align="right" valign="top">3.564</td>
<td width="25%" align="center" valign="top" nowrap>17-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.543</td>
 <td width="25%" align="right" valign="top">3.508</td>
<td width="25%" align="right" valign="top">3.623</td>
<td width="25%" align="center" valign="top" nowrap>20-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.519</td>
<td width="25%" align="right" valign="top">3.484</td>
<td width="25%" align="right" valign="top">3.598</td>
<td width="25%" align="center" valign="top" nowrap>21-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.481</td>
<td width="25%" align="right" valign="top">3.446</td>
<td width="25%" align="right" valign="top">3.559</td>
<td width="25%" align="center" valign="top" nowrap>22-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.527</td>
<td width="25%" align="right" valign="top">3.492</td>
<td width="25%" align="right" valign="top">3.606</td>
<td width="25%" align="center" valign="top" nowrap>23-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.581</td>
<td width="25%" align="right" valign="top">3.545</td>
<td width="25%" align="right" valign="top">3.662</td>
<td width="25%" align="center" valign="top" nowrap>24-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.572</td>
<td width="25%" align="right" valign="top">3.536</td>
<td width="25%" align="right" valign="top">3.652</td>
<td width="25%" align="center" valign="top" nowrap>27-Apr-
2009</td>
 </tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.461</td>
<td width="25%" align="right" valign="top">3.426</td>
<td width="25%" align="right" valign="top">3.539</td>
<td width="25%" align="center" valign="top" nowrap>28-Apr-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.521</td>
<td width="25%" align="right" valign="top">3.486</td>
<td width="25%" align="right" valign="top">3.600</td>
<td width="25%" align="center" valign="top" nowrap>29-Apr-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.620</td>
<td width="25%" align="right" valign="top">3.584</td>
<td width="25%" align="right" valign="top">3.701</td>
<td width="25%" align="center" valign="top" nowrap>04-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.658</td>
<td width="25%" align="right" valign="top">3.621</td>
<td width="25%" align="right" valign="top">3.740</td>
<td width="25%" align="center" valign="top" nowrap>05-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.609</td>
<td width="25%" align="right" valign="top">3.573</td>
<td width="25%" align="right" valign="top">3.690</td>
<td width="25%" align="center" valign="top" nowrap>06-May-
2009</td>
</tr>
 <tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.676</td>
<td width="25%" align="right" valign="top">3.639</td>
<td width="25%" align="right" valign="top">3.759</td>
<td width="25%" align="center" valign="top" nowrap>07-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.654</td>
<td width="25%" align="right" valign="top">3.617</td>
<td width="25%" align="right" valign="top">3.736</td>
<td width="25%" align="center" valign="top" nowrap>08-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.626</td>
<td width="25%" align="right" valign="top">3.590</td>
<td width="25%" align="right" valign="top">3.708</td>
<td width="25%" align="center" valign="top" nowrap>11-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.674</td>
<td width="25%" align="right" valign="top">3.637</td>
<td width="25%" align="right" valign="top">3.757</td>
<td width="25%" align="center" valign="top" nowrap>12-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.671</td>
<td width="25%" align="right" valign="top">3.634</td>
<td width="25%" align="right" valign="top">3.754</td>
<td width="25%" align="center" valign="top" nowrap>13-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">3.692</td>
<td width="25%" align="right" valign="top">3.655</td>
 <td width="25%" align="right" valign="top">3.775</td>
<td width="25%" align="center" valign="top" nowrap>14-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">3.743</td>
<td width="25%" align="right" valign="top">3.706</td>
<td width="25%" align="right" valign="top">3.827</td>
<td width="25%" align="center" valign="top" nowrap>15-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.246</td>
<td width="25%" align="right" valign="top">4.204</td>
<td width="25%" align="right" valign="top">4.342</td>
<td width="25%" align="center" valign="top" nowrap>19-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.464</td>
<td width="25%" align="right" valign="top">4.419</td>
<td width="25%" align="right" valign="top">4.564</td>
<td width="25%" align="center" valign="top" nowrap>20-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.491</td>
<td width="25%" align="right" valign="top">4.446</td>
<td width="25%" align="right" valign="top">4.592</td>
<td width="25%" align="center" valign="top" nowrap>21-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.546</td>
<td width="25%" align="right" valign="top">4.501</td>
<td width="25%" align="right" valign="top">4.648</td>
<td width="25%" align="center" valign="top" nowrap>22-May-
2009</td>
</tr>
 <tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.678</td>
<td width="25%" align="right" valign="top">4.631</td>
<td width="25%" align="right" valign="top">4.783</td>
<td width="25%" align="center" valign="top" nowrap>25-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.566</td>
<td width="25%" align="right" valign="top">4.520</td>
<td width="25%" align="right" valign="top">4.669</td>
<td width="25%" align="center" valign="top" nowrap>26-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.699</td>
<td width="25%" align="right" valign="top">4.652</td>
<td width="25%" align="right" valign="top">4.805</td>
<td width="25%" align="center" valign="top" nowrap>27-May-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.714</td>
<td width="25%" align="right" valign="top">4.667</td>
<td width="25%" align="right" valign="top">4.820</td>
<td width="25%" align="center" valign="top" nowrap>28-May-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.842</td>
<td width="25%" align="right" valign="top">4.794</td>
<td width="25%" align="right" valign="top">4.951</td>
<td width="25%" align="center" valign="top" nowrap>29-May-
2009</td>
</tr>
 <tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.935</td>
<td width="25%" align="right" valign="top">4.886</td>
<td width="25%" align="right" valign="top">5.046</td>
<td width="25%" align="center" valign="top" nowrap>01-Jun-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.948</td>
<td width="25%" align="right" valign="top">4.899</td>
<td width="25%" align="right" valign="top">5.059</td>
<td width="25%" align="center" valign="top" nowrap>02-Jun-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">5.015</td>
<td width="25%" align="right" valign="top">4.965</td>
<td width="25%" align="right" valign="top">5.128</td>
<td width="25%" align="center" valign="top" nowrap>03-Jun-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">5.111</td>
<td width="25%" align="right" valign="top">5.060</td>
<td width="25%" align="right" valign="top">5.226</td>
<td width="25%" align="center" valign="top" nowrap>04-Jun-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">5.091</td>
<td width="25%" align="right" valign="top">5.040</td>
<td width="25%" align="right" valign="top">5.206</td>
<td width="25%" align="center" valign="top" nowrap>05-Jun-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.861</td>
<td width="25%" align="right" valign="top">4.812</td>
<td width="25%" align="right" valign="top">4.970</td>
 <td width="25%" align="center" valign="top" nowrap>08-Jun-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.978</td>
<td width="25%" align="right" valign="top">4.928</td>
<td width="25%" align="right" valign="top">5.090</td>
<td width="25%" align="center" valign="top" nowrap>09-Jun-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">5.108</td>
<td width="25%" align="right" valign="top">5.057</td>
<td width="25%" align="right" valign="top">5.223</td>
<td width="25%" align="center" valign="top" nowrap>10-Jun-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">5.096</td>
<td width="25%" align="right" valign="top">5.045</td>
<td width="25%" align="right" valign="top">5.211</td>
<td width="25%" align="center" valign="top" nowrap>11-Jun-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">5.023</td>
<td width="25%" align="right" valign="top">4.973</td>
<td width="25%" align="right" valign="top">5.136</td>
<td width="25%" align="center" valign="top" nowrap>12-Jun-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.929</td>
<td width="25%" align="right" valign="top">4.880</td>
<td width="25%" align="right" valign="top">5.040</td>
<td width="25%" align="center" valign="top" nowrap>15-Jun-
2009</td>
</tr>
 <tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.985</td>
<td width="25%" align="right" valign="top">4.935</td>
<td width="25%" align="right" valign="top">5.097</td>
<td width="25%" align="center" valign="top" nowrap>16-Jun-
2009</td>
</tr>

<tr class="labelNAlter-0">
<td width="25%" align="right" valign="top">4.819</td>
<td width="25%" align="right" valign="top">4.771</td>
<td width="25%" align="right" valign="top">4.927</td>
<td width="25%" align="center" valign="top" nowrap>17-Jun-
2009</td>
</tr>

<tr class="labelNAlter-1">
<td width="25%" align="right" valign="top">4.721</td>
<td width="25%" align="right" valign="top">4.674</td>
<td width="25%