10 Largest Equity Investments

JPMorgan Fleming Smaller Cos IT PLC
2 June 2004


May-04
JPMorgan Fleming Investment Trust
Ten Largest Equity Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Smaller Companies Investment Trust
Savills                                                      2.3
Mcbride                                                      2.2
Kensington Group                                             1.8
Bellway                                                      1.5
ITNET                                                        1.5
Torex Retail                                                 1.5
Mccarthy & Stone                                             1.5
Peacock Group                                                1.4
Atkins (WS)                                                  1.4
Corin Group                                                  1.3
                                                            16.4



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