Geographical Distribution

JPMorgan Fleming US Disc IT PLC
9 June 2004




                      JPMORGAN FLEMING INVESTMENT TRUST               
                     GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                         ASSETS AS AT 31ST May 2004




JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST

                                                                         %
USA                                                                    109
Cash                                                                  -9.0
                                                                       100



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