Transaction in Own Shares

JPMorgan American IT PLC
31 December 2007

                          STOCK EXCHANGE ANNOUNCEMENT





                     JPMORGAN AMERICAN INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan American Investment Trust plc has today purchased 100,000 ordinary
shares for cancellation at 665.105 pence per share.



Following the transaction the remaining shares in issue total 42,725,949.







31st December 2007







For further information, please contact:



Andrew Norman

For and on behalf of

JPMorgan Asset Management (UK) Limited - Secretary

020 7742 6000





Gavin Tooke

Dresdner Kleinwort Wasserstein - Stockbrokers to the Company

0207 623 8000








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