Geographical Breakdowns

JPMorgan Fleming Japanese Smllr Cos
5 November 2004



                      JPMORGAN FLEMING INVESTMENT TRUST               
                      GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                                ASSETS AS AT

                              31st October 2004



JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST

                                                                             %
Japan                                                                      95.5
Cash                                                                        4.5
                                                                            100


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