10 Largest Equity Investments

Fleming Mercantile Inv Trust PLC
2 June 2004


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


Ten Largest Investments
Fleming Mercantile Investment Trust
Trinity Mirror                                               1.8
Hammerson                                                    1.8
BPB                                                          1.7
Kesa Electricals                                             1.5
Barratt Developments                                         1.5
Persimmon                                                    1.5
Kelda                                                        1.4
Capita Group                                                 1.4
Travis Perkins                                               1.4
Signet Group                                                 1.4
                                                            15.4



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