Sector Breakdown

JPMorgan Fleming Japanese Smllr Cos
14 August 2002


Fleming Investment Trust Sector Breakdown                           
in % of Total Assets.                                                

JPMorgan Fleming Japanese Smaller Companies Investment Trust         

Cyclical Services                                             39.2  

General Industries                                            21.1  

Assets / Liabilities                                          12.0  

Financials                                                    11.5  

Non-Cyclical Services                                          6.0   

Information Technology                                         4.4   

Cyclical Consumer Goods                                        4.1   

Non-Cyclical Consumer Goods                                    0.9   

Resources                                                      0.8   

Basic Industries                                                 -     

Total                                                        100.0 


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