Holding(s) in Company

JPMorgan Fleming American IT PLC
19 December 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest

ASSET VALUE INVESTORS LIMITED

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

BONY NOMINEES           259,575

CHASE NOMINEES          1,019,567

STATE STREET NOMINEES   59,818

MELLON                  68,576

PICTET                  45,612

NORTRUST NOMINEES       339,300

5)   Number of shares/amount of stock acquired

1,000,000

6)   Percentage of issued class

2.3%

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

14TH DECEMBER 2005

11)  Date company informed

19TH DECEMBER 2005

12)  Total holding following this notification

1,792,448

13)  Total percentage holding of issued class following this notification

4.12%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

NICOLA WALTERS    020 7742 3453

16)  Name and signature of authorised company official responsible for
     making this notification



ANDREW NORMAN



Date of notification: 19 DECEMBER 2005






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