Top Ten Largest Investments

Fleming Japanese Inv Trust PLC
5 January 2004

Dec-03                                                            
JPMorgan Fleming Investment Trust                                 
Ten Largest Investments                                           
in % of Total Assets.                                             

Ten Largest Investments                                           
JPMorgan Fleming Japanese Investment Trust                        

NTTDoCoMo                                                    3.8  
Canon                                                        3.4  
Toyota Motor                                                 3.0  
Nintendo                                                     2.8  
Mitsui O.S.K                                                 2.4  
Nitto Denko                                                  2.3  
Honda Motor                                                  2.2  
Nikko Cordial                                                2.1  
Advantest                                                    2.1  
Nissan Motor                                                 2.0  
                                                            26.1  


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