Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
02 May 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest

LEGAL AND GENERAL INVESTMENT MANAGEMENT

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

SEE LIST


5)   Number of shares/amount of stock acquired

820,000 ACQUIRED UPON A TRANSFER INTO MANAGEMENT

6)   Percentage of issued class

7.22%

7)   Number of shares/amount of stock disposed

NA

8)   Percentage of issued class

NA

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

28TH FEBRUARY 2003

11)  Date company informed

2ND MAY 2003

12)  Total holding following this notification

1,175,186


13)  Total percentage holding of issued class following this notification

10.34%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

LUCY SULLIVAN    020 7742 3451

16)  Name and signature of authorised company official responsible for
     making this notification



RICHARD LEWIS



Date of notification: 2 MAY 2003




CONTROLLING INTEREST



HSBC GLOBAL CUSTODY NOMINEE (UK) Ltd A/C 775245             40,000

HSBC GLOBAL CUSTODY NOMINEE (UK) Ltd A/C 357206            258,186

HSBC GLOBAL CUSTODY NOMINEE (UK) Ltd A/C 747381             23,000

HSBC GLOBAL CUSTODY NOMINEE (UK) Ltd A/C 866203              9,000

HSBC GLOBAL CUSTODY NOMINEE (UK) Ltd A/C 360509              9,000

Bank of New York (Nominees) Ltd 245902                     820,000

Nortrust Nominees A/C LGL01                                 16,000
                                                         _________

                                                         1,175,186
                                                         _________


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