Geographical Breakdown

JPMorgan Fleming Smaller Cos IT PLC
7 October 2004

                          JPMORGAN FLEMING INVESTMENT TRUST               
                         GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                                   ASSETS AS AT
                              30th September 2004


                JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST

                                                                          %
United Kingdom                                                         99.6
Cash                                                                    0.4
                                                                        100





                      This information is provided by RNS
            The company news service from the London Stock Exchange