Sector Analysis

JPMorgan Fleming Smaller Cos IT PLC
11 April 2003


Mar-03               
JP Morgan Fleming Investment Trust                                    
Sector Breakdowns in % of Total Assets                                

JPMorgan Fleming Smaller Companies Investment Trust                   
Cyclical Services                                                 39.5
Financials                                                        21.0
Information Technology                                            11.6
Basic Industries                                                  11.5
Non-Cyclical Consumer Goods                                        9.9
General Industrials                                                9.2
Cyclical Consumer Goods                                            4.0
Non-Cyclical Services                                              3.7
Resources                                                          2.8
Cash                                                            - 13.2
Total                                                            100.0


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