Top Ten Largest Investments

JPMorgan Fleming American IT PLC
2 July 2004



                                                                              
  Jun-04                                                                      

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

  Ten Largest Investments                                                     
  JPMorgan Fleming American Investment Trust                                  

  Pfizer                                                                 3.4  
  Microsoft                                                              3.0  
  Citigroup                                                              3.0 
  General Electric                                                       3.0  
  Exxon Mobil                                                            2.9  
  Johnson & Johnson                                                      2.3  
  IBM                                                                    2.3  
  Qualcomm                                                               2.2  
  JPMF America Micro Cap                                                 2.2  
  Comcast                                                                1.8  
                                                                        26.1  

                      This information is provided by RNS
            The company news service from the London Stock Exchange