Portfolio Update

JPMorgan Fleming Japanese Smllr Cos
01 November 2005

31- October- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.

                                                                                

Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust
Sugi Pharmacy                                                                    4.2
ARRK                                                                             2.8
Ibiden                                                                           2.5
IDU                                                                              2.4
Davinci Advisors                                                                 2.4
Sawai Pharmaceutical                                                             2.3
PAL                                                                              2.2
Rex                                                                              2.0
Shoei                                                                            1.9
Miraca                                                                           1.9
                                                                                24.6


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