Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
23 March 2004

                                  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



RELIANCE MUTUAL

 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


RELIANCE MUTUAL INSURANCE SOCIETY LIMITED



5)   Number of shares/amount of stock acquired
30,000
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

22ND MARCH 2004


11)  Date company informed

22ND MARCH 2004


12)  Total holding following this notification

342,000

13)  Total percentage holding of issued class following this notification


3.06 %



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

HELEN WALKER 0207-742-3453



17) Date of notification



23RD MARCH 2004






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