Sector Breakdown

JPMorgan Fleming Smaller Cos IT PLC
17 February 2003


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



JPMorgan Fleming Smaller Companies Investment Trust                   
Cyclical Services                                                 40.9
Financials                                                        23.1
Information Technology                                            11.1
Basic Industries                                                  11.0
Non-Cyclical Consumer Goods                                       10.0
General Industrials                                                8.6
Cyclical Consumer Goods                                            5.2
Non-Cyclical Services                                              3.4
Resources                                                          2.6
Cash                                                            - 15.9
Utilities                                                            -
Total                                                            100.0


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