Top Ten Largest Investments

JPMorgan Fleming Smaller Cos IT PLC
2 December 2003


30th November 2003

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

Ten Largest Investments
JPMorgan Fleming Smaller Companies Investment Trust

Mcbride                                                    2.4
Enodis                                                     2.1
Clinton Cards                                              1.8
ITNET                                                      1.7
Hornby                                                     1.7
Evolution                                                  1.7
Savills                                                    1.7
Peacock                                                    1.7
Brewin Dolphin                                             1.6
Paragon Group of Companies                                 1.6
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                      This information is provided by RNS
            The company news service from the London Stock Exchange