Ten Largest Investments

JPMorgan Flem Russian Secs PLC
2 March 2004


Feb-04                                                           
JPMorgan Fleming Investment Trust                                
Ten Largest Investments                                          
in % of Total Assets.                                            


Ten Largest Investments                                  
JPMorgan Fleming Russian Securities                              

Surgutneftegas ADR                                       16.1  
Lukoil ADR                                               14.8  
JSC Mmc Norilsk                                          14.1 
Sberbank                                                 12.8 
Gazprom ADR                                               7.8 
Yukos ADR                                                 6.4  
Vimpel Communications ADR                                 5.4  
Rao Unifies Energy System GDR                             4.9  
Mobil Telesystems                                         4.9  
Rostelecom ADR                                            2.2 
                                                         89.4   



                      This information is provided by RNS
            The company news service from the London Stock Exchange         UAWRSORORAR