Ten Largest Investments

JPMorgan Russian Securities PLC
03 July 2007


30 June - 07

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



Ten Largest Investments
JPMorgan Russian Securities *
Sberbank Rossii                                                                 12.5
Open Investments                                                                10.4
JSC MMC Norilsk Nickel ADR                                                       8.8
Mechel ADR                                                                       8.3
Pharmacy Chain 36.6                                                              5.6
Severstal Auto                                                                   4.1
Comstar United Telesystems GDR                                                   3.2
Mobile Telesystems ADS                                                           2.6
Evraz GDR                                                                        2.5
Cherepovets Severstal                                                            2.5
                                                                                60.5
*Excludes Investments in Liquidity stocks





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