Transaction in Own Shares

JPMorgan American IT PLC
27 February 2007

                          STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN AMERICAN INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

JPMorgan American Investment Trust plc announces that today in the market it
purchased for cancellation 9,000 ordinary shares at 655.00 pence per share
representing a total of 0.02% of the ordinary shares in issue.

The current repurchase authority for 6,487,589 shares was approved by
shareholders on 3rd May 2006.  To date, 9,000 shares have been repurchased under
this authority.

The remaining shares in issue, following the above repurchases, is 43,270,449.

27 February 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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