Portfolio Update

JPMorgan Flem Russian Secs PLC
04 October 2005


30- September- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


JPMorgan Fleming Russian Securities

Lukoil ADR                                                                  17.0
Surgutneftegaz                                                              15.5
Sberbank Rossii                                                             12.3
Mobile Telesystems ADS                                                      11.1
JSC MMC Norilsk Nickel                                                      10.0
Vimpel Communications ADR                                                    8.5
Gazprom OAO ADS                                                              5.7
RBC information                                                              4.5
Mechel                                                                       3.8
Open Investments                                                             3.3
                                                                            91.7


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