10 Largest Equity Investments

JPMorgan Fleming Eur Fldglng IT PLC
2 June 2004


May-04
JPMorgan Fleming Investment Trust
Ten Largest Equity Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming European Fledgeling Investment Trust
FF European Discovery Fund                                  13.7
Koniklijke Wessanen                                          2.3
Nutreco Holding                                              1.9
Omega                                                        1.8
Yit-Yhtyma                                                   1.6
Campari                                                      1.6
Geberit                                                      1.6
Bulgari                                                      1.6
Euler Hermes                                                 1.5
Credito Emiliano                                             1.5
                                                            29.1



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