Ten Largest Investments

JPMorgan Russian Securities PLC
05 November 2007

31 October - 07
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.




Ten Largest Investments
JPMorgan Russian Securities*
Sberbank Rossii                                                             12.5
Mechel ADR                                                                  11.6
Open Investments                                                            10.0
JSC MMC Norilsk Nickel ADR                                                   9.5
RAO Unified Energy System of Russia GDR                                      5.0
Severstal Auto                                                               5.0
Cherepovets Severstal                                                        4.6
Pharmacy Chain 36.6                                                          4.2
Aeroflot                                                                     2.9
Comstar United Telesystems GDR                                               2.9
                                                                            68.2
*Excludes Investments in Liquidity stocks



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