Top 10 Largest Investments

JPMorgan Fleming Mercantile IT PLC
1 November 2004


October-04
JPMorgan Fleming Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments

JP Morgan Fleming Mercantile Investment Trust

P & O                                                                        1.9
BPB                                                                          1.8
Trinity Mirror                                                               1.7
EMI Group                                                                    1.7
Taylow Woodrow                                                               1.6
Persimmon                                                                    1.6
International Power                                                          1.6
Slough Estates                                                               1.5
United Business Media                                                        1.4
GKN                                                                          1.4
                                                                            16.2



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