Geographical Breakdown

JPMorgan Fleming Smaller Cos IT PLC
8 February 2005



                      JPMORGAN FLEMING INVESTMENT TRUST               
                     GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                               ASSETS AS AT

                             31st January 2005


              JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST

                                                                             %
United Kingdom                                                           101.4
Cash                                                                      -1.4
                                                                           100



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