Top Tens at 31 July 2005

JPMorgan Flem Russian Secs PLC
02 August 2005

31- July- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


JPMorgan Fleming Russian Securities
Lukoil ADR                                                                  16.0
Surgutneftegaz                                                              15.1
Sberbank Rossii                                                             12.6
Mobile Telesystems ADS                                                      12.5
JSC MMC Norilsk Nickel                                                      12.1
Vimpel Communications ADR                                                    9.4
RBC information                                                              5.3
Mechel ADR                                                                   3.8
OAO Pharmacy  36.6                                                           3.4
Rostelecom ADR                                                               3.2
                                                                            93.4



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