Asset Analysis

JPMorgan Fleming US Disc IT PLC
9 February 2004


                         ASSET ANALYSIS AS AT 31st January 2004


JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST plc

                                                             % funds as at 31/01/04
UK                                                                                      0
S&P 500                                                                                 0
Other US equities                                                                     102
Other equities                                                                          0
US bonds                                                                                0
CFI                                                                                    -2
                                                                                      100

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