Sector Breakdown

JPMorgan Fleming Smaller Cos IT PLC
9 October 2003

September 2003

JP Morgan Fleming Investment Trust

Sector Breakdown in % of Total Assets

JPMorgan Fleming Smaller Companies Investment Trust

Cyclical Services                                                                                                  34.4
Financials                                                                                                         20.3
Basic Industries                                                                                                   12.4
General Industrials                                                                                                10.9
Information Technology                                                                                              9.3
Cyclical Consumer Goods                                                                                             6.5
Non-Cyclical Consumer Goods                                                                                         5.9
Non-Cyclical Services                                                                                               4.3
Resources                                                                                                           2.4
Cash                                                                                                               -6.4
Total                                                                                                               100

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