Top Tens at 30 June 2005

JPMorgan Flem Russian Secs PLC
4 July 2005


30- June- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


JPMorgan Fleming Russian Securities
Lukoil ADR                                                                 15.9
Surgutneftegaz                                                             15.4
Mobile Telesystems ADS                                                     13.2
Sberbank Rossii                                                            12.9
JSC MMC Norilsk Nickel                                                     11.9
Vimpel Communications ADR                                                   9.3
RBC information                                                             4.9
Mechel ADR                                                                  3.8
OAO Pharmacy  36.6                                                          3.5
Rostelecom ADR                                                              2.9
                                                                           93.7



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