Top Ten Investments

JPMorgan Fleming Japanese Smllr Cos
17 February 2003

Jan-03                                                              
 
Ten Largest Investments                                             
JPMorgan Fleming Japanese Smaller Companies Investment Trust        
The Goodwill Group                                             5.0  
Fuji Photo Film                                                4.0  
Kappa Create                                                   3.7  
Yamada Denki                                                   3.6  
Komori corp                                                    3.5  
Arrk                                                           3.5  
Belluna                                                        3.0  
Nippon Comsys                                                  2.6  
Sawai Pharmaceutical                                           2.5  
Otsuka Kagu                                                    2.4  
                                                              33.8 
   

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