Geographical Breakdowns

JPMorgan Fleming Smaller Cos IT PLC
10 December 2003


                         JPMORGAN FLEMING INVESTMENT TRUST                  
                        GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                          ASSETS AS AT 30th  November 2003


JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST

                                                                               %
United Kingdom                                                             106.9
Cash                                                                        -6.9
                                                                             100


                       JPMORGAN FLEMING INVESTMENT TRUST                                
                            SECTOR  BREAKSDOWNS
                  % OF TOTAL ASSETS AS AT 30th November 2003


JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST

                                                                               %
Cyclical Services                                                           32.4
Financials                                                                  20.3
General Industrials                                                         11.6
Basic Industries                                                            11.3
Information Technology                                                       9.8
Non-Cyclical Consumer Goods                                                  8.1
Cyclical Consumer Goods                                                      6.2
Non-Cyclical Services                                                        4.3
Resources                                                                    2.9
Cash                                                                        -6.9
                                                                             100


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