Geographical Distribution

JPMorgan Fleming American IT PLC
14 July 2004


                    JPMORGAN FLEMING INVESTMENT TRUST              
                   GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th June 2004



JPMORGAN FLEMING AMERICAN INVESTMENT TRUST

                                                %
USA                                          94.5
Cash                                          5.5
                                              100




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