Geographical Distribution

JPMorgan Flem Russian Secs PLC
31 March 2004


                    JPMORGAN FLEMING INVESTMENT TRUST               
                   GEORGRAPHICAL BREAKDOWN % OF TOTAL
                    ASSETS AS AT 29th February 2004


JPMORGAN FLEMING RUSSIAN SECURITIES
                                                                               %
Russia                                                                      97.3
Cash                                                                         2.7
                                                                             100



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