Top 10 Largest Investments

JPMorgan Fleming Eur Fldglng IT PLC
1 November 2004


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


Ten Largest Investments

JPMorgan Fleming European Fledgeling Investment Trust

FF European Discovery Fund                                                  13.6
SR Teleperformance                                                           1.9
Biomerieux                                                                   1.9
Andritz                                                                      1.9
Alten                                                                        1.8
Fugro                                                                        1.8
Campari                                                                      1.7
Kaba Holdings                                                                1.7
Tod's Spa                                                                    1.7
Kuoni Reisen                                                                 1.7
                                                                            29.7




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