Holding(s) in Company

JPMorgan Fleming US Disc IT PLC
23 June 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

J.P. MORGAN CHASE & CO.

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

AS ABOVE

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

CHASE NOMINEES LIMITED

5)   Number of shares/amount of stock acquired

NA

6)   Percentage of issued class

NA

7)   Number of shares/amount of stock disposed

228,107

8)   Percentage of issued class

2.04%

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

14 JUNE 2004

11)  Date company informed

18 JUNE 2004

12)  Total holding following this notification

1,752,440

13)  Total percentage holding of issued class following this notification

15.69%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

LUCY SULLIVAN    020 7742 3451

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

RICHARD LEWIS

Date of notification: 23 JUNE 2004



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