Portfolio Update

JPMorgan Fleming US Disc IT PLC
01 November 2005


31- October- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.

                                                                                                                        
                                                                            

Ten Largest Investments
JPMorgan Fleming US Discovery Investment Trust

Hudson Highland                                                                  3.2
American Dental Partners                                                         2.4
First Service                                                                    2.3
Marten Transport                                                                 2.2
Collectors Universe                                                              2.2
YouBet.com                                                                       2.1
Proassurance                                                                     1.9
NuCO2                                                                            1.9
Freightcar America                                                               1.9
Orient Express Hotels                                                            1.8
                                                                                21.9




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