Top Ten for February 2005

JPMorgan Flem Russian Secs PLC
2 March 2005

February-05
JPMorgan Fleming Investment Trust
Ten Largest Investments
in % of Total Assets.

  Ten Largest Investments                                                      
  JPMorgan Fleming Russian Securities                                          
  Surgutneftegaz ADR                                                      13.9 
  JSC MMC Norilsk Nickel                                                  13.8 
  Vimpel Communications ADR                                               13.6 
  Lukoil ADR                                                              13.3 
  Sberbank Rossii                                                         11.4 
  Gazprom ADS                                                              9.9 
  Mobile Telesystems ADS                                                   7.8 
  RAO Rossi GDR                                                            5.7 
  RBC information                                                          4.0 
  OAO Pharmacy                                                             3.4 
                                                                          96.8 




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