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JPMorgan Flem.Russ (JFR)

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Thursday 02 June, 2005

JPMorgan Flem.Russ

Top Tens at 31 May 2005

JPMorgan Flem Russian Secs PLC
2 June 2005

31- May- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.

JPMorgan Fleming Russian Securities
Lukoil ADR                                                                 15.4
Sberbank Rossii                                                            13.0
Mobile Telesystems ADS                                                     13.0
Surgutneftegaz                                                             12.2
JSC MMC Norilsk Nickel                                                     12.2
Vimpel Communications ADR                                                  10.4
RBC information                                                             4.9
Mechel ADR                                                                  4.1
OAO Pharmacy                                                                3.4
Open Investments                                                            2.6

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