Top Ten Largest Investments

JPMorgan Flem Russian Secs PLC
8 October 2003


30th September 2003
JPMorgan Fleming Investment Trust
Ten Largest Investments in % of Total Assets.

Ten Largest Investments
JPMorgan Fleming Russian Securities
Gazprom                                                               15.2
Yukos                                                                 14.9
Surgutneftegas                                                        14.3
Lukoil                                                                13.9
Sberbank                                                              11.5
Mobile Telesystems                                                     8.2
Vimpel                                                                 7.6
Rostelekom                                                             5.5
Sibneft                                                                3.5
Oao Pharmacy                                                           2.2
                                                                      96.8


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