Topten/Geo./Sector

JPMorgan Fleming Smaller Cos IT PLC
16 September 2003

                    JPMORGAN FLEMING INVESTMENT TRUST               
                  GEORGRAPHICAL BREAKSDOWN % OF TOTAL
                      ASSETS AS AT 31st August 2003

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST
                                                                                    %
United Kingdom                                                                  105.9
Cash                                                                             -5.9
                                                                                  100


JPMORGAN FLEMING INVESTMENT TRUST                                SECTOR  BREAKSDOWN
% OF TOTAL ASSETS AS AT                    31st August 2003

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST
                                                                                     %
Cyclical Services                                                                 34.8
Financials                                                                        20.2
Basic Industries                                                                  12.2
Information Technology                                                            10.2
General Industrials                                                                9.5
Non-Cyclical Consumer Goods                                                        6.3
Cyclical Consumer Goods                                                            6.0
Non-Cyclical Services                                                              4.4
Resources                                                                          2.3
Cash                                                                              -5.9
                                                                                   100

JPMORGAN FLEMING INVESTMENT TRUST
TEN LARGEST INVESTMENTS % OF TOTAL ASSETS AS AT                    31st August 2003

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST

                                                                  Ten Largest
Mcbride                                                                            1.9
Itnet                                                                              1.9
Fiest Technology                                                                   1.7
Clinton Cards                                                                      1.7
Ebookers                                                                           1.6
Future Networks                                                                    1.6
Atkins WS                                                                          1.6
Anite                                                                              1.6
Paragon                                                                            1.6
Kensington                                                                         1.5
                                                                                  16.7


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