Geographical Distribution

JPMorgan Fleming Mercantile IT PLC
8 March 2005


                        JPMORGAN FLEMING INVESTMENT TRUST 
                    GEOGRAPHICAL BREAKDOWNS % OF TOTAL ASSETS 
                                     AS AT
                               28th February 2005

JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST

                                                                          %
United Kingdom                                                         99.8
Cash                                                                    0.2
                                                                        100


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