Transaction in Own Shares

JPMorgan American IT PLC
10 April 2007




                          STOCK EXCHANGE ANNOUNCEMENT

                     JPMORGAN AMERICAN INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan American Investment Trust plc announces that today in the market it
purchased for cancellation 52,000 ordinary shares at 662.77 pence per share
representing a total of 0.12% of the ordinary shares in issue.

The current repurchase authority for 6,487,589 shares was approved by
shareholders on 3rd May 2006.  To date, 61,500 shares have been repurchased
under this authority.

The remaining shares in issue, following the above repurchases, is 43,217,949.



10th April 2007


For further information, please contact:


Andrew Norman
For and on behalf of
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000


Gavin Tooke
Dresdner Kleinwort Wasserstein - Stockbrokers to the Company
0207 623 8000




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