Sector Breakdown

JPMorgan Fleming Japanese Smllr Cos
12 March 2003

Feb-03                                                                

JP Morgan Fleming Investment Trust                                    

Sector Breakdowns in % of Total Assets                                


JPMorgan Fleming Japanese Smaller Companies Investment Trust          

Cyclical Services                                              30.9   
General Industries                                             16.9   
Information Technology                                         15.6   
Cyclical Consumer Goods                                        13.4   
Cash                                                           10.0   
Basic Industries                                               6.2    
Financials                                                     4.2    
Non-Cyclical Consumer Goods                                    1.8    
Non-Cyclical Services                                          1.0    
Resources                                                      -      
Total                                                          100.0  


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