Top Ten Largest Investments

JPMorgan Fleming Emerge Mkts IT PLC
2 July 2004


                                                                              
  Jun-04                                                                      

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


  Ten Largest Investments                                                     
  JPMorgan Fleming Emerging Markets Investment Trust                          

  Samsung Electronics                                                    7.1  
  Petroleo Brasil                                                        3.9  
  KT&G                                                                   3.9  
  AMX                                                                    3.2  
  Shinsegae                                                              3.2  
  SK Telecom                                                             2.7  
  Esprit Holdings                                                        2.6  
  Housing Development Finance                                            2.5  
  Wal-mart de Mexico                                                     2.4  
  British American Tobacco                                               2.3  
                                                                        33.8 

                       This information is provided by RNS
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