Geographical Distribution

JPMorgan Flem Russian Secs PLC
11 January 2005


                        JPMORGAN FLEMING INVESTMENT TRUST               
                             GEOGRAPHICAL BREAKDOWNS 
                            % OF TOTAL ASSETS AS AT 
                               31st December 2004




JPMORGAN FLEMING RUSSIAN SECURITIES

                                                                               %

Russia                                                                     112.1
Cash                                                                       -12.1
                                                                             100



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