Top Ten Largest Investments

JPMorgan Fleming Emerge Mkts IT PLC
5 January 2004

Dec-03                                                            
JPMorgan Fleming Investment Trust                                 
Ten Largest Investments                                           
in % of Total Assets.                                             

Ten Largest Investments                                           
JPMorgan Fleming Emerging Markets Investment Trust                

Samsung Electronics                                          7.4  
Petroleo Brasileiro                                          4.4  
Anglo American                                               3.8  
Shinsegae                                                    3.5  
Housing Development                                          3.3  
Kookmin Bank                                                 3.2  
Cia Vale Rio Doce Pref Shares                                2.6  
AMX                                                          2.6  
Embraer Pref Shares                                          2.5  
Hon Hai Precision                                            2.5  
                                                            35.8  


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