United States Securities and Exchange Commission
                            Washington, DC 20549


                                  Form N-PX
    Annual Report of Proxy Voting Record of Registered Management Investment
                                   Company


Investment Company Act File Number: 811-21552

J.P. Morgan Multi-Strategy Fund, L.L.C.
522 Fifth Avenue-10th Floor, New York, NY 10036

Leonard F. Wallace
c/o JP Morgan Alternative Asset Management, Inc.
522 Fifth Avenue-10th Floor
New York, NY 10036

Registrant's Telephone Number: (212).837.8964
Date of fiscal year end: December 31
Date of reporting period: June 30, 2004



During the period covered by this report, no companies in which the Fund held
voting securities solicited the Fund's vote on any matter.





                                Signature

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Registrant: J. P. Morgan Multi-Strategy Fund, L.L.C.

By: /s/ Leonard F. Wallace
    ___________________________________
        Signature                       Title

Date: August 30, 2004