Top 10 Largest Investments

JPMorgan Fleming US Disc IT PLC
5 January 2005


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



Ten Largest Investments

JPMorgan Fleming US Discovery Investment Trust

American Dental                                                              2.6
NuCO2                                                                        2.5
Proassurance Corporation                                                     2.3
Impax Laboratories                                                           2.3
YouBet.com                                                                   2.3
Gaylord Entertainment                                                        2.2
Orient Express Hotels                                                        2.2
Checkers Drive-In                                                            1.9
American Healthways                                                          1.9
Marten Transport                                                             1.9
                                                                            22.1



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