Ten Largest Investments

JPMorgan Fleming Smaller Cos IT PLC
4 November 2003

  Oct-03                                                           

  JPMorgan Fleming Investment Trust                                
  Ten Largest Investments                                          
  in % of Total Assets.                                            

  Ten Largest Investments                                          
  JPMorgan Fleming Smaller Companies Investment Trust              

  Mcbride                                                   1.9    
  Clinton Cards                                             1.9    
  Peacock                                                   1.9    
  Enodis                                                    1.9    
  Brewin Dolphin                                            1.8    
  ITNET                                                     1.8    
  Evolution                                                 1.7    
  Horby                                                     1.6    
  Atkins (WS)                                               1.6    
  Uniq                                                      1.6    
                                                            17.7   

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