Sector Breakdown

Fleming Mercantile Inv Trust PLC
17 February 2003



JP Morgan Fleming Investment Trust                                    
Sector Breakdowns in % of Total Assets                                


Fleming Mercantile Investment Trust                                   
Cyclical Services                                                 31.5
Financials                                                        16.7
Basic Industries                                                  16.6
Cash                                                              15.7
Non-Cyclical Consumer Goods                                        5.7
Information Technology                                             3.3
General Industrials                                                3.3
Utilities                                                          2.3
Non-Cyclical Services                                              1.9
Resources                                                          1.8
Fixed Interest                                                     0.7
Cyclical Consumer Goods                                            0.5
Total                                                            100.0


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