Top 10 Largest Investments

JPMorgan Flem Russian Secs PLC
02 September 2005


31- Aug- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


JPMorgan Fleming Russian Securities
Lukoil ADR                                                                 16.3
Surgutneftegaz                                                             15.7
Sberbank Rossii                                                            13.2
Mobile Telesystems ADS                                                     11.6
JSC MMC Norilsk Nickel                                                     11.3
Vimpel Communications ADR                                                   9.0
RBC information                                                             4.9
Gazprom OAO ADS                                                             4.8
Mechel                                                                      3.5
OAO Pharmacy Chain 36.6                                                     3.3
                                                                           93.6






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