Top Ten Largest Investments

Fleming Mercantile Inv Trust PLC
2 December 2003


30th November 2003

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

Ten Largest Investments
Fleming Mercantile Investment Trust

Hays                                                       1.6
Hammerson                                                  1.6
Gresham Computing                                          1.6
Logicacmg                                                  1.6
BPB                                                        1.6
Trinity Mirror                                             1.5
Carlton Communications                                     1.4
Tate & Lyle                                                1.4
Barratt Developments                                       1.3
United Business Media                                      1.3
                                                          14.9

                      This information is provided by RNS
            The company news service from the London Stock Exchange