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

MERSEYSIDE 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 BANK OF NEW YORK A/C 245902



5)   Number of shares/amount of stock acquired
N/A

6)   Percentage of issued class

N/A

7)   Number of shares/amount of stock disposed
425,000

8)   Percentage of issued class
NOT STATED

9)   Class of security
ORDINARY 25p SHARES

10)  Date of transaction

11TH JULY 2003


11)  Date company informed

15TH  JULY 2003


12)  Total holding following this notification

175,000

13)  Total percentage holding of issued class following this notification

1.57%



14)  Any additional information

FOLLOWING THIS NOTIFICATION THE ABOVE MENTIONED NO LONGER HAS  A NOTIFIABLE
INTEREST  IN THE COMPANY.


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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