Top Ten Investments

JPMorgan Fleming Eur Fldglng IT PLC
17 February 2003

Jan-03                                                              
 
Ten Largest Investments                                             
JPMorgan Fleming European Fledgeling Investment Trust               
FF European Discovery Fund                                     10.2 
SGS                                                            1.2  
Saurer                                                         1.0  
Amplifon                                                       0.9  
Barco                                                          0.9  
Davide Campari                                                 0.9  
CSM                                                            0.9  
Epcos                                                          0.9  
Puma                                                           0.9  
Scwartz Pharmacy                                               0.8  
                                                              18.6 

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