Ten Largest Investments

JPMorgan Fleming US Disc IT PLC
2 March 2004


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


Ten Largest Investments                                          
JPMorgan Fleming US Discovery Investment Trust                   

Impax Laboratories                                        2.8    
Marketwatch.Com                                           2.7    
J&J Snack Food                                            2.5    
Proassurance Corporation                                  2.3    
Esterline Technologies                                    2.2    
American Healthways                                       2.2    
SCP Pool                                                  2.1    
TTM Technologies                                          2.1    
SM&A                                                      2.0    
Concur Technologies                                       1.9    
                                                         22.8   


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