Top 10 Largest Investments

JPMorgan Fleming Japanese Smllr Cos
2 December 2004

November-04
JPMorgan Fleming Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust
Pacific Management                                                        3.1
ARRK                                                                      3.1
Works Application                                                         2.5
Usen                                                                      2.3
Dodwell                                                                   2.2
Park 24                                                                   2.0
Creed                                                                     1.9
Geo Co                                                                    1.8
Eaccess                                                                   1.8
Kirin Beverage                                                            1.8
                                                                         22.5



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