Geographical Distribution

JPMorgan Fleming American IT PLC
31 March 2004


                    JPMORGAN FLEMING INVESTMENT TRUST               
                   GEORGRAPHICAL BREAKDOWN % OF TOTAL
                    ASSETS AS AT 29th February 2004


JPMORGAN FLEMING AMERICAN INVESTMENT TRUST
                                                                               %
North America                                                               95.9
Cash                                                                         4.1
                                                                             100


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