Sector Breakdown

JPMorgan Flem Russian Secs PLC
14 January 2003

Dec-02                                                               

JP Morgan Fleming Investment Trust                                   
Sector Breakdowns in % of Total Assets                               

JPMorgan Fleming Russian Securities                                  
Energy                                                           55.8
Telecommunications                                               22.7
Financials                                                       13.0
Industrials                                                       3.0
Cash                                                              2.8
Food Retail                                                       1.3
IT                                                                0.9
Transport                                                         0.5
Total                                                           100.0


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