Sector Breakdown

JPMorgan Fleming Smaller Cos IT PLC
14 January 2003

Dec-02                                                               

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


JPMorgan Fleming Smaller Companies Investment Trust                  
Cyclical Services                                                34.4
Financials                                                       19.7
Non-Cyclical Consumer Goods                                      10.9
Information Technology                                            9.0
General Industrials                                               8.8
Basic Industries                                                  8.7
Cyclical Consumer Goods                                           3.3
Non-Cyclical Services                                             3.0
Resources                                                         1.9
Cash                                                              0.3
Utilities                                                           -
Total                                                           100.0



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