Geographical Distribution

Fleming Mercantile Inv Trust PLC
9 June 2004




                      JPMORGAN FLEMING INVESTMENT TRUST               
                     GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                         ASSETS AS AT 31ST May 2004



THE FLEMING MERCANTILE INVESTMENT TRUST

                                                                         %
United Kingdom                                                        92.5
Cash                                                                   7.5
                                                                       100




                      This information is provided by RNS
            The company news service from the London Stock Exchange