Geographical Breakdown

JPMorgan Fleming Smaller Cos IT PLC
9 August 2004

                  JPMORGAN FLEMING INVESTMENT TRUSTS
                    GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th July 2004



JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST
                                                                               %
United Kingdom                                                              99.5
Cash                                                                         0.5
                                                                             100



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