Annual Report

JPMorgan Fleming Eur Fldglng IT PLC
05 July 2004

STOCK EXCHANGE ANNOUNCEMENT



ANNUAL REPORT



A copy of the above document, for JPMorgan Fleming European Fledgeling
Investment Trust plc, has been submitted to the UK Listing Authority, and is
available for inspection at the UK Listing Authority's Documents Viewing
Facility, which is situated at:


Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel No: 020 7066 1000



5th July 2004



For further information, please contact:

Jonathan Latter

For and on behalf of

J.P. Morgan Fleming Asset Management (UK) Limited

020 7742 3408




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