Geographical Distribution

JPMorgan Fleming Japanese Smllr Cos
8 April 2004


                     JPMORGAN FLEMING INVESTMENT TRUST                                        
        GEORGRAPHICAL BREAKDOWNS % OF TOTAL ASSETS AS AT 31st March 2004         

          JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST         

                                                                        % 
Japan                                                                98.4 
Cash                                                                  1.6 
                                                                      100 
                                                                 
                      This information is provided by RNS
            The company news service from the London Stock Exchange