Transaction in Own Shares

JPMorgan US Discovery IT PLC
31 August 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT





                   JPMORGAN US DISCOVERY INVESTMENT TRUST PLC





                                 TREASURY STOCK





JPMorgan US Discovery Investment Trust plc has today purchased into treasury
35,000 ordinary shares at 825 pence per share.



Following the transaction the remaining shares in issue less the total number of
treasury shares is 8,629,480.







31st August 2007





For further information, please contact:



Lucy Dina

JPMorgan Asset Management (UK) Limited, 020 7742 6000





Paul Palmer

Cenkos Securities plc - Stockbrokers to the Company

0207 3971 915




                      This information is provided by RNS
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