Ten Largest Investments

JPMorgan Fleming Japanese Smllr Cos
4 November 2003

  Oct-03                                                           

  JPMorgan Fleming Investment Trust                                
  Ten Largest Investments                                          
  in % of Total Assets.                                            

  Ten Largest Investments                                          
  JPMorgan Fleming Japanese Smaller Investment Trust               

  Sankyo Aluminium                                          4.3    
  JGC                                                       4.2    
  Aeon Credit Service                                       4.0    
  Nissho-Iwai-Nichimen                                      3.9    
  ARRK                                                      3.6    
  Nabtesco                                                  3.4    
  Tomen Electronics                                         2.3    
  Bandai                                                    2.3    
  E-System                                                  2.3    
  Tsubakimoto                                               2.3    
                                                            32.6   

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