Geographical Distribution

JPMorgan Fleming Mercantile IT PLC
8 April 2005


               JPMORGAN FLEMING INVESTMENT TRUST
               GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                         ASSETS AS AT

                        31st March 2005



JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST

                                                                            %
United Kingdom                                                           99.3
Cash                                                                      0.7
                                                                          100




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