Ten Largest EquityInvestments

JPMorgan Fleming US Disc IT PLC
2 April 2004


Mar-04                                                           
JPMorgan Fleming Investment Trust                                
Ten Largest Equity Investments                                   
in % of Total Assets.                                            


Ten Largest Investments                                          
JPMorgan Fleming US Discovery Investment Trust                   

Marketwatch.Com                                           3.0    
Impax Laboratories                                        2.9    
SM&A                                                      2.5    
Proassurance Corporation                                  2.4    
J&J Snack Food                                            2.4    
TTM Technologies                                          2.2    
SCP Pool                                                  2.1    
American Dental                                           2.1    
NUCO2                                                     2.1    
Scansource                                                1.9    
                                                         23.6   



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