Sector Breakdowns

Fleming Mercantile Inv Trust PLC
13 December 2002


   Nov-02                                                               

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

Fleming Mercantile Investment Trust                                  
Cyclical Services                                              34.9  
Financials                                                     17.1  
Basic Industries                                               15.8  
Cash                                                           12.4  
Non-Cyclical Consumer Goods                                     5.8   
Information Technology                                          3.7   
General Industrials                                             3.3   
Utilities                                                       2.7   
Resources                                                       1.9   
Non-Cyclical Services                                           1.8   
Cyclical Consumer Goods                                         0.6   
Fixed Interest                                                   -     
Total                                                         100.0 


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