Geographical Distribution

JPMorgan Fleming Eur Fldglng IT PLC
11 January 2005


                        JPMORGAN FLEMING INVESTMENT TRUST               
                             GEOGRAPHICAL BREAKDOWNS 
                            % OF TOTAL ASSETS AS AT 
                               31st December 2004




JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST

                                                                               %

France                                                                      15.5
European Funds                                                              14.1
Finland                                                                     13.0
Germany                                                                     12.4
Italy                                                                       11.0
Holland                                                                      8.9
Spain                                                                        8.3
Sweden                                                                       6.9
Greece                                                                       6.5
Switzerland                                                                  5.6
Ireland                                                                      5.4
Denmark                                                                      4.7
Norway                                                                       3.9
Austria                                                                      3.6
Cash                                                                       -19.8
                                                                             100



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