Geographical Breakdowns

JPMorgan Fleming US Disc IT PLC
10 December 2003


                         JPMORGAN FLEMING INVESTMENT TRUST                  
                        GEORGRAPHICAL BREAKDOWNS % OF TOTAL
                          ASSETS AS AT 30th  November 2003


JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST

                                                                               %
North America                                                               99.9
Cash                                                                         0.1
                                                                             100


                       JPMORGAN FLEMING INVESTMENT TRUST                                
                            SECTOR  BREAKSDOWNS
                  % OF TOTAL ASSETS AS AT 30th November 2003


JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST

                                                                               %
Consumer Discretionary                                                      33.3
Healthcare                                                                  19.3
Technology                                                                  18.9
Financials                                                                  10.5
Producer Durables                                                            6.0
Auto                                                                         4.5
Consumer Staple                                                              2.8
Energy                                                                       2.8
Other                                                                        1.8
Cash                                                                         0.1
                                                                             100


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