Geographical Breakdowns

JPMorgan Fleming Smaller Cos IT PLC
19 February 2004


                     JPMORGAN FLEMING INVESTMENT TRUST               
                 GEORGRAPHICAL BREAKDOWN % OF TOTAL ASSETS 
                         AS AT 31st January 2004

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST

                                                                               %
United Kingdom                                                             103.5
Cash                                                                        -3.5
                                                                             100



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