Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
12 January 2005

                                  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

J. P. MORGAN CHASE & CO.

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

J. P. MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED - 1,537,440

J. P. MORGAN SECURITIES LTD - 140,500



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

115,000

8)   Percentage of issued class

1.12%

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction


NOT DISCLOSED

11)  Date company informed


10 JANUARY 2005

12)  Total holding following this notification

1,677,940

13)  Total percentage holding of issued class following this notification

16.38%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

LUCY SULLIVAN        020 7742 3451

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

RICHARD LEWIS


Date of notification: 12 JANUARY 2005



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