Portfolio Update

JPMorgan Fleming Smaller Cos IT PLC
04 October 2005


30- September- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Smaller Companies Investment Trust

Hunting                                                                      2.2
Brewin Dolphin                                                               1.9
Charter                                                                      1.9
Speedy Hire                                                                  1.8
Morgan Sindall                                                               1.7
WSP                                                                          1.7
Savills                                                                      1.7
Ashtead                                                                      1.7
Dana Petroleum                                                               1.7
Erinaceous                                                                   1.6
                                                                            17.9


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