Top Ten Largest Investments

JP Morgan Fleming Indian IT PLC
5 January 2004

Dec-03                                                            
JPMorgan Fleming Investment Trust                                 
Ten Largest Investments                                           
in % of Total Assets.                                             

Ten Largest Investments                                           
JPMorgan Fleming Indian Investment Trust                          

Reliance Industries                                         10.1  
Infoysys                                                     7.5  
Bharat Heavy Electrical                                      5.4  
Wipro                                                        5.2  
State Bank of India                                          5.1  
Mahindra & Mahindra                                          5.0  
Larsen & Toubro                                              5.0  
Tata Engineering                                             4.0  
Digital Globalsoft                                           3.5  
Satyam Computer Services                                     3.5  
                                                            54.3  



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