10 Largest Equity Investments

JPMorgan Fleming Japanese Smllr Cos
2 June 2004


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


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust
eAccess                                                      4.6
Dwango                                                       3.3
Alfresa                                                      2.7
Aruze                                                        2.3
Arrk                                                         2.3
Usen                                                         2.2
Sumitomo Rubber                                              2.2
Infocom                                                      2.2
Faith                                                        2.1
Tokyo Steel Manufacturing                                    2.1
                                                            26.0



                      This information is provided by RNS
            The company news service from the London Stock Exchange