Ten Largest Investments

JPMorgan Flem Russian Secs PLC
4 November 2003

  Oct-03                                                           

  JPMorgan Fleming Investment Trust                                
  Ten Largest Investments                                          
  in % of Total Assets.                                            

  Ten Largest Investments                                          
  JPMorgan Fleming Russian Securities                              

  Gazprom                                                    15.2  
  Yukos                                                      14.9  
  Surgutneftegas                                             14.3 
  Lukoil                                                     13.9 
  Sberbank                                                   11.5 
  Mobil Telesystems                                          8.2  
  Vimpel                                                     7.6  
  Rostelekom                                                 5.5  
  Sibneft                                                    3.5  
  Oao Pharmacy                                               2.2  
                                                             96.8   

                      This information is provided by RNS
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