Salt River Project, Phoenix, hired J.P. Morgan to replace INVESCO as a...

Salt River Project, Phoenix, hired J.P. Morgan to replace INVESCO as a $150 million growth & income fund manager for its $650 million retirement plan, said Joy Baker, corporate treasurer. Mr. Baker did not give the reason for the change but did say performance was not an issue. Nina Lesavoy, spokeswoman for INVESCO, did not return phone calls by press time.