Top 10 Largest Investments

JPMorgan Fleming Smaller Cos IT PLC
5 January 2005


December-04
JPMorgan Fleming Investment Trust
Ten Largest Investments in % of Total Assets.



Ten Largest Investments

JPMorgan Fleming Smaller Companies Investment Trust

Savills                                                                      2.2
Charter                                                                      2.2
Brewin Dolphin                                                               1.8
Mcbride                                                                      1.8
Kensington                                                                   1.6
Peacock                                                                      1.6
Dana Petroleum                                                               1.6
Torex Retail                                                                 1.5
Morgan Sindall                                                               1.5
Erinaceous                                                                   1.4
                                                                            17.2



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