The Portfolios are intended to be a funding vehicle for variable annuity contracts and variable life insurance policies (collectively, the "Policies") offered by the separate accounts of participating insurance companies. Individuals may NOT purchase shares directly from the Portfolios. The Policies are described in the separate prospectuses issued by the participating insurance companies over which J.P. Morgan Asset Management and JPMorgan Distribution Services, Inc. assume no responsibility. Portfolio shares are also offered to qualified pension and retirement plans and accounts permitting accumulation of assets on a tax-deferred basis (collectively, "Eligible Plans"). All questions regarding the Policies or an Eligible Plan, including requests for current performance information, should be to the address or phone numbers in the prospectus or other materials received when you purchased your Policy or invested in an Eligible Plan.