Portfolio Update

JPMorgan Fleming Eur Fldglng IT PLC
01 November 2005


31- October- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.

                                                                                

Ten Largest Investments
JPMorgan Fleming European Fledgeling Investment Trust

JPM European Discovery Fund                                                     12.5
Aker yards                                                                       2.3
Yit-Yhtyma                                                                       2.3
Metso                                                                            2.2
Fadesa Inmobiliaria                                                              2.2
Aker Kvaerner                                                                    2.2
Fugro                                                                            2.2
Andritz                                                                          2.1
JM                                                                               2.1
Subsea 7                                                                         2.1
                                                                                32.2




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