Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


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Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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JP Morgan Overseas (JMO)

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Tuesday 30 October, 2007

JP Morgan Overseas

Interim Management Statement

JPMorgan Overseas IT PLC
30 October 2007

                     JPMorgan Overseas Investment Trust plc

                          Interim Management Statement

                 For the three months ended 30th September 2007

This interim management statement relates to the quarter from 1st July 2007 to
30th September 2007 and contains information that covers that period, unless
otherwise stated.

Financial performance - Cumulative Total Return *

                           1 month        3 months        1 Year        3 Years        5 Years
Share price                5.3%           1.3%            10.9%         69.0%          115.2%
Net asset value            4.7%           1.1%            10.9%         49.6%          92.1%
Benchmark                  3.7%           0.8%            11.0%         46.0%          86.4%

* total return with net dividends reinvested
Source: JPMAM/Fundamental Data

Financial position
                                                         As at 30th June        As at 30th September
                                                               2007                    2007
Net assets (£000)                                             207,743                 201,814
Net asset value per share                                      653.1p                  679.0p
Share  price                                                   622.0p                  642.0p
Discount                                                       -5.6%                   -5.4%
Gearing                                                         100%                    101%

Share prices shown are closing mid

Net asset value assumes that shares held in treasury have been reissued at the
previous night's closing price.

Source: JPMAM/Fundamental Data

Material transactions

Changes to share capital

                                           Issued Shares

As at 30th June 2007                       30,489,448
Shares bought back and cancelled           766,500
Shares bought back into Treasury           -
Shares cancelled from Treasury             -
Shares issued                              -
As at 30th September 2007                  29,722,948

During the quarter, the Company made market purchases of 766,500 shares for
cancellation, representing 2.3% of the shares outstanding at the beginning of
the financial year, at an average discount of 5.99%.

Portfolio Analyses

Ten largest holdings as at 30th September 2007*


Stock name                                   Sector                     Weight %

JPMorgan Emerging Markets Inv Trust          Financials                      3.1
Nokia                                        Information Technology          2.1
Total                                        Energy                          2.1
Cisco Systems                                Information Technology          2.1
Mitsubishi                                   Industrials                     2.0
El Paso                                      Energy                          2.0
Banco Bilbao                                 Financials                      1.9
Merck & Co                                   Health Care                     1.7
Corning                                      Information   Technology        1.6
Procter & Gamble                             Consumer Staples                1.6

* Excluding liquidity fund holdings which are held as an alternative to cash.

Portfolio analysis as at 30th September 2007

Sector                                                Portfolio %

Financials                                            29.0
Information Technology                                16.8
Industrials                                           13.2
Energy                                                10.2
Consumer Staples                                      8.7
Health Care                                           7.3
Consumer Discretionary                                6.2
Materials                                             6.0
Telecommunication Services                            3.2
Utilities                                             1.0
Cash                                                  -1.6
Total                                                 100.00

Geographical                                          Portfolio %

North America                                         39.1
Continental Europe                                    30.4
Japan                                                 10.6
United Kingdom                                        9.7
Emerging Markets                                      8.1
Developed Asia                                        3.7
Cash                                                  -1.6
Total                                                 100.00

By order of the Board
Philip Jones, for and on behalf of
JPMorgan Asset Management (UK) Limited, Secretary
30th October 2007

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ
Telephone: 020 7742 6000

This interim management statement has been prepared solely to provide
information to meet the requirements of the UK Listing Authority's Disclosure
and Transparency Rules.

Please note that up to date information on the Company, including daily NAV and
share prices, factsheets and portfolio information can be found at

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