Geographical Distribution

JPMorgan Fleming Smaller Cos IT PLC
31 March 2004


                    JPMORGAN FLEMING INVESTMENT TRUST               
                   GEORGRAPHICAL BREAKDOWN % OF TOTAL
                    ASSETS AS AT 29th February 2004


JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST
                                                                               %
United Kingdom                                                             104.0
Cash                                                                        -4.0
                                                                             100


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