Top Tens at 30 June 2005

JPMorgan Fleming Japanese Smllr Cos
4 July 2005


30- June- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Japanese Smaller Investment Trust
Sugi Pharmacy                                                               3.6
Mediceo                                                                     3.5
NEC Fielding                                                                3.0
Sawai Pharmaceutical                                                        2.9
Kyoden                                                                      2.9
Ibiden                                                                      2.3
Usen                                                                        2.2
FT Communications                                                           2.2
Sanrio                                                                      2.0
Rex                                                                         1.9
                                                                           26.5



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