Holding(s) in Company

JPMorgan Fleming American IT PLC
17 November 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN  FLEMING AMERICAN INVESTMENT TRUST plc

2)   Name of shareholder having a major interest

JPMORGAN FLEMING MANAGED GROWTH PLC

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

JPMORGAN FLEMING MANAGED GROWTH PLC


5)   Number of shares/amount of stock acquired

N/A

6)   Percentage of issued class

N/A

7)   Number of shares/amount of stock disposed

210,000

8)   Percentage of issued class

0.38%

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

NOT STATED


11)  Date company informed

17TH NOVEMBER  2003

12)  Total holding following this notification

NOT STATED

13)  Total percentage holding of issued class following this notification

2.62%



14)   Any additional information

FOLLOWING THIS NOTIFICATION THE AFOREMENTIONED COMPANY NO LONGER HAS A
NOTIFIABLE INTEREST

IN JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC.



15)  Name of contact and telephone number for queries

HILARY LOWE  0207-742-3274

16)  Name of authorised company official responsible for making this
notification

HELEN WALKER, 020 7742 3453



17) Date of notification





        17TH NOVEMBER  2003









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