Top Tens as at 29th April 05

JPMorgan Flem Russian Secs PLC
4 May 2005



29th -April-05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.

                                                                           

JPMorgan Fleming Russian Securities
Sberbank Rossii                                                             14.2
Lukoil ADR                                                                  14.2
Surgutneftegaz                                                              13.0
JSC MMC Norilsk Nickel                                                      12.7
Vimpel Communications ADR                                                   11.2
Mobile Telesystems ADS                                                       7.5
Gazprom ADS                                                                  5.0
RBC information                                                              4.9
OAO Pharmacy                                                                 3.9
Rostelecom ADR                                                               3.4
                                                                            90.0




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