Sector Breakdown

JPMorgan Fleming Smaller Cos IT PLC
12 March 2003

Feb-03                                                                

JP Morgan Fleming Investment Trust                                    

Sector Breakdowns in % of Total Assets                                


JPMorgan Fleming Smaller Companies Investment Trust                   

Cyclical Services                                              38.2   
Financials                                                     21.9   
Information Technology                                         11.8   
Basic Industries                                               11.5   
Non-Cyclical Consumer Goods                                    9.2    
General Industrials                                            8.4    
Cyclical Consumer Goods                                        3.5    
Non-Cyclical Services                                          3.1    
Resources                                                      2.8    
Utilities                                                      -      
Cash                                                           - 10.4 
Total                                                          100.0  
                         


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