Top Ten Largest Investments

JPMorgan Fleming Japanese Smllr Cos
3 August 2004

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


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust
eAccess                                                                      4.7
Dwango                                                                       4.2
Usen                                                                         3.4
Alfressa                                                                     3.0
Arrk                                                                         2.7
Pacific Management                                                           2.6
Sumitomo Rubber                                                              2.3
Infocom                                                                      2.3
Works Appication                                                             2.1
Faith                                                                        2.0
                                                                            29.3
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            The company news service from the London Stock Exchange