Geographical/Sector Breakdown

JPMorgan Fleming American IT PLC
10 November 2003

                   JPMORGAN FLEMING INVESTMENT TRUST              
                  GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                    ASSETS AS AT 31st October 2003


JPMORGAN FLEMING AMERICAN INVESTMENT TRUST

                                                                                    %
North America                                                                    95.3
Cash                                                                              4.7
                                                                                  100


                    JPMORGAN FLEMING INVESTMENT TRUST                                
                  SECTOR BREAKDOWNS % OF TOTAL ASSETS AS AT                    
                        31st October 2003

JPMORGAN FLEMING AMERICAN INVESTMENT TRUST plc

                                                                                    %
Financials                                                                       22.8
Non-Cyclical Consumer Goods                                                      20.9
Cyclical Services                                                                15.1
Information Technology                                                           13.3
General Industrials                                                               8.6
Resources                                                                         5.6
Cash                                                                              4.7
Non-Cyclical Services                                                             3.5
Utilities                                                                         2.2
Cyclical-Consumer Goods                                                           2.0
Basic Industrials                                                                 0.8
Fixed Interest                                                                    0.5
                                                                                  100


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