Geographical Distribution

JPMorgan Fleming Japanese Smllr Cos
14 July 2004


                    JPMORGAN FLEMING INVESTMENT TRUST              
                   GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th June 2004





JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST

                                               %
Japan                                       99.4
Cash                                         0.6
                                             100







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