Notice of EGM

JPMorgan US Discovery IT PLC
31 January 2008



                          STOCK EXCHANGE ANNOUNCEMENT

                   JPMorgan US Discovery Investment Trust plc

                           Notice of General Meeting



The Board of JPMorgan US Discovery Investment Trust plc (the 'Company') has
recently given notice to shareholders, convening a General Meeting of the
Company to be held at 11.30 a.m. on 25th February 2008 at Finsbury Dials, 20
Finsbury Street, London EC2Y 9AQ.

The Board intends to seek shareholder approval to renew its authority to
repurchase up to 14.99 per cent. of the Company's issued share capital as at the
date of the passing of the Resolution, which is being put to Shareholders as a
special resolution.

The Board of the Company firmly believes that it is in the best interests of
shareholders as a whole to have the ability to repurchase Shares in order to
pursue its policy of maximising share price performance and limiting discount
volatility. The Board will carry out share repurchases on an ongoing basis with
the aim of establishing a long-term level of discount that is on average less
than 9%.

The Board unanimously recommends shareholders to vote in favour of the
Resolution to be proposed at the General Meeting and intends to do so in respect
of their own beneficial holdings amounting in aggregate to 12,695 Shares,
representing 0.1 per cent. of the Shares in issue.

Terms used in this announcement shall, unless the context otherwise requires,
bear the meaning given to them in the circular to the Company's shareholders
dated 29 January 2008 (the 'Circular').

Copies of the Circular have been submitted to the Financial Services Authority
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:


Document Viewing Facility
UK Listing Authority
25 The North Colonnade
Canary Wharf
London  E14 5HS
Tel. [phone]

31st January 2008



For further information, please contact:

Lucy Dina
JPMorgan Asset Management (UK) Limited - Company Secretary
020 7742 6000


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