Geographical Distribution

JPMorgan Fleming Emerge Mkts IT PLC
14 July 2004


                    JPMORGAN FLEMING INVESTMENT TRUST              
                   GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th June 2004


JPMORGAN FLEMING EMERGING MARKETS INVESTMENT TRUST

                                                                     %
Korea                                                             21.4
South Africa                                                      12.4
Brazil                                                            11.0
Russia                                                             7.3
India                                                              6.7
Mexico                                                             6.7
Taiwan                                                             5.2
Hong Kong                                                          5.1
Egypt                                                              4.2
Turkey                                                             3.9
Cash                                                               3.7
Indonesia                                                          2.9
Hungary                                                            2.7
Malaysia                                                           2.3
Others                                                             2.0
Croatia                                                            1.5
Chile                                                              1.0
                                                                   100


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