Ten Largest Investments

JPMorgan Russian Securities PLC
03 May 2006


  28- April- 06                                                              
  JPMorgan Investment Trust                                                  
  Ten Largest Investments                                                    
  in % of Total Assets.                                                      
                                                                             
                                                                             
                               
                                                                             
  JPMorgan Russian Securities                                                
  Lukoil ADR                                                            14.7 
  Surgutneftegaz ADR                                                    14.3 
  Sberbank Rossii                                                       12.9 
  JSC MMC Norilsk Nickel                                                10.7 
  Open Investments                                                       4.3 
  Pharmacy 36.6                                                          4.1 
  Severstal Auto                                                         3.5 
  Polyus Gold                                                            3.4 
  Evraz GDR                                                              3.3 
  Mechel ADR                                                             3.2 
                                                                        74.4 



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