Portfolio Update

JPMorgan Fleming Japanese Smllr Cos
04 October 2005


30- September- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust

Sugi Pharmacy                                                                4.3
Ibiden                                                                       3.3
ARRK                                                                         3.0
Sawai Pharmaceutical                                                         2.9
Mediceo                                                                      2.7
Davinci Advisors                                                             2.1
En-Japan                                                                     2.0
Usen                                                                         2.0
Meiko Shokai                                                                 1.9
Nishimatsuya Chain                                                           1.9
                                                                            26.1


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