Geographical Breakdowns

JPMorgan Fleming American IT PLC
10 December 2003


                         JPMORGAN FLEMING INVESTMENT TRUST                  
                        GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                          ASSETS AS AT 30th  November 2003



JPMORGAN FLEMING AMERICAN INVESTMENT TRUST

                                                                               %
North America                                                               95.5
Cash                                                                         4.5
                                                                             100


                       JPMORGAN FLEMING INVESTMENT TRUST                                
                            SECTOR  BREAKSDOWNS
                  % OF TOTAL ASSETS AS AT 30th November 2003


JPMORGAN FLEMING AMERICAN INVESTMENT TRUST plc

                                                                               %
Financials                                                                  22.0
Non-Cyclical Consumer Goods                                                 21.9
Cyclical Services                                                           14.8
Information Technology                                                      13.4
General Industrials                                                          8.7
Resources                                                                    5.6
Cash                                                                         4.5
Non-Cyclical Services                                                        3.4
Utilities                                                                    2.2
Cyclical-Consumer Goods                                                      2.1
Basic Industrials                                                            0.9
Fixed Interest                                                               0.5
                                                                             100




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