Ten Largest Investments

JPMorgan Russian Securities PLC
02 August 2006


31- July- 06
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.





Ten Largest Investments
JPMorgan Russian Securities
Sberbank Rossii                                                                 14.1
Lukoil ADR                                                                       9.5
JSC MMC Norilsk Nickel ADR                                                       9.3
Surgutneftegaz ADR                                                               7.1
Open Investments                                                                 6.0
Evraz GDR                                                                        5.0
Mechel ADR                                                                       4.8
Cherepovets Severstal                                                            4.1
Polyus Zoloto ADR                                                                4.0
Novolipetsk Iron & Steel GDS                                                     3.9
                                                                                67.8









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