Directorate Change

JPMorgan Fleming Japanese IT PLC
29 July 2004



                          STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN FLEMING JAPANESE INVESTMENT TRUST PLC



JPMorgan Fleming Japanese Investment Trust plc announces that, further to the
notification contained in the Company's preliminary results announcement on 17th
November 2003, it confirms that Patrick Gifford retired from the Board with
effect from 28th July 2004.


29th July 2004


For further information, please contact:


Jonathan Latter
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited - Secretary
Telephone [phone]




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