Geographical Distribution

JPMorgan Fleming Japanese IT PLC
11 January 2005

                        JPMORGAN FLEMING INVESTMENT TRUST               
                             GEOGRAPHICAL BREAKDOWNS 
                            % OF TOTAL ASSETS AS AT 
                               31st December 2004




JPMORGAN FLEMING JAPANESE INVESTMENT TRUST

                                                                               %

Japan                                                                       98.0
Cash                                                                         2.0
                                                                             100



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