Geographical Breakdown

JPMorgan Fleming US Disc IT PLC
9 August 2004

                  JPMORGAN FLEMING INVESTMENT TRUSTS
                    GEOGRAPHICAL BREAKDOWNS % OF TOTAL
                       ASSETS AS AT 30th July 2004



JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST
                                                                               %
USA                                                                        105.6
Cash                                                                        -5.6
                                                                             100




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