Top Ten Largest Investments

JPMorgan Fleming Japanese Smllr Cos
8 October 2003


30th September 2003
JPMorgan Fleming Investment Trust
Ten Largest Investments in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Companies Investment Trust
Nissho-Iwai-Nichimen                                                 6.1
Sankyo Aluminium                                                     4.4
Aeon Credit Service                                                  4.2
JGC                                                                  3.7
Nabtesco                                                             3.1
Hosiden                                                                3
Tomen Electronics                                                      3
ARRK                                                                 2.9
Tsubakimoto                                                          2.7
Bandai                                                               2.5
                                                                    35.6


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