Sector Analysis

JPMorgan Fleming Japanese Smllr Cos
11 April 2003


Mar-03               
JP Morgan Fleming Investment Trust                                    
Sector Breakdowns in % of Total Assets                                

JPMorgan Fleming Japanese Smaller Companies Investment Trust          
Cyclical Services                                                 30.0
General Industries                                                18.9
Cyclical Consumer Goods                                           13.8
Information Technology                                            12.7
Cash                                                               9.4
Basic Industries                                                   7.0
Non-Cyclical Consumer Goods                                        3.9
Financials                                                         3.0
Non-Cyclical Services                                              1.3
Total                                                            100.0


                      This information is provided by RNS
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