Top Ten Largest Investments

JPMorgan Russian Securities PLC
03 January 2007

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




Ten Largest Investments
JPMorgan Russian Securities
Sberbank Rossii                                                                 17.3
Open Investments                                                                10.3
JSC MMC Norilsk Nickel ADR                                                       7.3
Lukoil ADR                                                                       5.8
Mobile Telesystems ADS                                                           5.1
Surgutneftegaz ADR                                                               5.0
Severstal Auto                                                                   4.5
Mechel ADR                                                                       4.3
Pharmacy Chain 36.6                                                              4.3
Evraz GDR                                                                        4.1
                                                                                68.0


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