Geographical Distribution

JPMorgan Fleming American IT PLC
9 June 2004




                      JPMORGAN FLEMING INVESTMENT TRUST               
                     GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                         ASSETS AS AT 31ST May 2004



JPMORGAN FLEMING AMERICAN INVESTMENT TRUST

                                                                         %
USA                                                                   95.5
Cash                                                                   4.5
                                                                       100




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