Ten Largest Investments

JPMorgan Flem Russian Secs PLC
02 February 2006

31-January-06
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.



JPMorgan Fleming Russian Securities

Lukoil ADR                                                                       15.4
Surgutneftegaz ADR                                                               15.1
Sberbank Rossii                                                                  13.4
JSC MMC Norilsk Nickel                                                            9.0
Mobile Telesystems ADS                                                            7.5
Vimpel Communications ADR                                                         7.5
RBC information                                                                   3.4
Open Investments                                                                  3.3
Rostelcom ADR                                                                     3.0
Polyus Gold                                                                       3.0
                                                                                 80.6








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