Top 10 Largest Investments

JPMorgan Fleming Eur Fldglng IT PLC
5 January 2005


December-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                                                  14.1
Buhrmann                                                                     2.5
Kuoni Reisen                                                                 2.4
HIQ                                                                          2.1
JM                                                                           2.1
Yit-Yhtyma                                                                   2.1
Biomerieux                                                                   2.1
Pohjola                                                                      2.0
Andritzs                                                                     2.0
Rheinmetall                                                                  2.0
                                                                            33.4


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