Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
15 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


BANK OF ENGLAND PENSION FUND

 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

THE SECURITIES MANAGEMENT TRUST LIMITED


5)   Number of shares/amount of stock acquired


       200,000

6)   Percentage of  issued class

       NOT STATED

7)   Number of shares/amount of stock disposed
         N/A

8)   Percentage of issued class
       N/A

9)   Class of security

ORDINARY 25p SHARES

10)  Date of transaction

      NOT STATED


11)  Date company informed

15TH  JULY 2003


12)  Total holding following this notification

      550,000

13)  Total percentage holding of issued class following this notification

4.93%



14)  Any additional information




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

HELEN WALKER


17) Date of notification

15TH JULY 2003


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