Ten Largest Investments

JPMorgan Fleming American IT PLC
4 November 2003

  Oct-03                                                           

  JPMorgan Fleming Investment Trust                                
  Ten Largest Investments                                          
  in % of Total Assets.                                            

  Ten Largest Investments                                          
  JPMorgan Fleming American Investment Trust                       

  Pfizer                                                    3.8    
  Citigroup                                                 3.2    
  Microsoft                                                 2.9    
  General Electric                                          2.7    
  IBM                                                       2.5    
  Exxon Mobil                                               2.5    
  Fleming US Discovery Fund III                             2.2    
  American International                                    2.2    
  JPMF America Micro Cap                                    2.0    
  Johnson & Johnson                                         1.8    
                                                            25.8   

                      This information is provided by RNS
            The company news service from the London Stock Exchange