Geographical Distribution

JPMorgan Flem Russian Secs PLC
14 July 2004


                    JPMORGAN FLEMING INVESTMENT TRUST              
                   GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th June 2004


JPMORGAN FLEMING RUSSIAN SECURITIES

                                                                     %
Russia                                                           108.6
Cash                                                              -8.6
                                                                   100


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