Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
28 July 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 & 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

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

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


HSBC GLOBAL CUSTODY NOMINEE (UK) LTD. A/C 775245: 40,000

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD. A/C 357206: 428,126

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



5)   Number of shares/amount of stock acquired
509,126

6)   Percentage of issued class

NOT STATED

7)   Number of shares/amount of stock disposed
 NOT STATED

8)   Percentage of issued class
NOT STATED

9)   Class of security
ORDINARY 25p SHARES

10)  Date of transaction

NOT STATED


11)  Date company informed

28th  JULY 2003


12)  Total holding following this notification

509,126

13)  Total percentage holding of issued class following this notification

4.56 %

14)  Any additional information

N/A


15)  Name of contact and telephone number for queries

RICHARD LEWIS, 020 7742  3477

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

NADINE KLOPPER



17) Date of notification

28th JULY 2003




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