Top 10 Largest Investments

JPMorgan Fleming Eur Fldglng IT PLC
4 October 2004

September-04

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


Ten Largest Investments
JPMorgan Fleming European Fledgeling Investment Trust

FF European Discovery Fund                                                      13.5
SR Teleperformance                                                               1.8
Geberit                                                                          1.8
Marzotto & Figli                                                                 1.7
Koniklijke Wessanen                                                              1.7
Alten                                                                            1.7
Koninklijke Bam                                                                  1.6
Kaba Holdings                                                                    1.6
Euler Hermes                                                                     1.6
Campari                                                                          1.6

                                                                                28.6


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