Ten Largest Investments

JPMorgan Fleming American IT PLC
2 March 2004


Feb-04                                                           
JPMorgan Fleming Investment Trust                                
Ten Largest Investments                                          
in % of Total Assets.                                            


Ten Largest Investments                                          
JPMorgan Fleming American Investment Trust 

Pfizer                                                    3.8    
Citigroup                                                 3.1    
General Electric                                          2.9    
Microsoft                                                 2.7    
Exxon Mobil                                               2.7    
IBM                                                       2.5    
American International                                    2.5    
JPMF American Micro Cap                                   2.1    
Johnson & Johnson                                         2.1    
Fleming US Discovery III Fund8                            2.0    
                                                         26.4   


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            The company news service from the London Stock Exchange