Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
21 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING US DISCOVERY INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest



BANK OF ENGLAND PENSION FUND

 3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

THE SECURITIES MANAGEMENT TRUST LIMITED



5)   Number of shares/amount of stock acquired


N/A



6)   Percentage of  issued class

       N/A



7)   Number of shares/amount of stock disposed
         50,000


8)   Percentage of issued class
       NOT STATED


9)   Class of security
ORDINARY 25p SHARES



10)  Date of transaction

      NOT STATED


11)  Date company informed

21ST JANUARY 2004




12)  Total holding following this notification

      550,000



13)  Total percentage holding of issued class following this notification

4.93%





14)  Any additional information

N/A




15)  Name of contact and telephone number for queries

PHILIP JONES 0207-742-7214



16)  Name of authorised company official responsible for making this
notification

HELEN WALKER 0207-742-3453





17) Date of notification



21ST JANUARY 2004






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