Ten Largest Investments

JPMorgan Russian Securities PLC
02 June 2006


31- May- 06
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.



JPMorgan Russian Securities
Sberbank Rossii                                                                 12.0
Lukoil ADR                                                                       9.1
JSC MMC Norilsk Nickel ADR                                                       9.0
Surgutneftegaz ADR                                                               7.9
Open Investments                                                                 5.6
Polyus Gold                                                                      4.6
Novolipetsk Iron & Steel GDS                                                     4.2
Pharmacy 36.6                                                                    3.8
Mechel ADR                                                                       3.4
Evraz GDR                                                                        3.4
                                                                                63.0


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