Geographical Breakdowns

JPMorgan Flem Russian Secs PLC
10 December 2003


                         JPMORGAN FLEMING INVESTMENT TRUST                  
                        GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                          ASSETS AS AT 30th  November 2003


JPMORGAN FLEMING RUSSIAN SECURITIES

                                                                               %
Russia                                                                     110.6
Cash                                                                       -10.6
                                                                             100

                       JPMORGAN FLEMING INVESTMENT TRUST                                
                            SECTOR  BREAKSDOWNS
                  % OF TOTAL ASSETS AS AT 30th November 2003


JPMORGAN FLEMING RUSSIAN SECURITIES

                                                                               %
Energy                                                                      57.1
Telecommunications                                                          23.8
Industrials                                                                 16.9
Financials                                                                  10.1
IT                                                                           2.5
Transport                                                                    0.2
Cash                                                                       -10.6
                                                                             100



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