Ten Largest Investments

JPMorgan Russian Securities PLC
04 July 2006

30- June- 06

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


JPMorgan Russian Securities*
Sberbank Rossii                                                             14.7
JSC MMC Norilsk Nickel ADR                                                   9.6
Lukoil ADR                                                                   9.4
Surgutneftegaz ADR                                                           7.3
Open Investments                                                             5.9
Evraz GDR                                                                    5.4
Mechel ADR                                                                   5.0
Pharmacy 36.6                                                                4.1
Novolipetsk Iron & Steel GDS                                                 4.1
Polyus Gold                                                                  3.9
                                                                            69.4

*Excludes Investments in Liquidity stocks


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