Geographical Distribution

JPMorgan Fleming Japanese IT PLC
31 March 2004


                    JPMORGAN FLEMING INVESTMENT TRUST               
                   GEORGRAPHICAL BREAKDOWN % OF TOTAL
                    ASSETS AS AT 29th February 2004


JPMORGAN FLEMING JAPANESE INVESTMENT TRUST
                                                                               %
Japan                                                                       99.1
Cash                                                                         0.9
                                                                             100



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