Geographical Distribution

JPMorgan Fleming Japanese Smllr Cos
2 February 2005


January-05
JPMorgan Fleming Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust
UK Treasury 8.5% 07/12/05                                         4.5
Usen                                                              2.4
Mediceo                                                           2.3
Asset Managers                                                    2.1
Works Application                                                 2.1
Pacific Management                                                1.9
Arrk                                                              1.8
Dodwel                                                            1.8
Park 24                                                           1.7
Creed                                                             1.7
                                                                 22.3


                      This information is provided by RNS
            The company news service from the London Stock Exchange