Geographical Breakdown

JPMorgan Flem Russian Secs PLC
9 August 2004

                  JPMORGAN FLEMING INVESTMENT TRUSTS
                    GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th July 2004



JPMORGAN FLEMING RUSSIAN SECURITIES
                                                                               %
Russia                                                                     100.4
Cash                                                                        -0.4
                                                                             100




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