Transaction in Own Shares

JPMorgan US Discovery IT PLC
27 June 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT


                   JPMORGAN US DISCOVERY INVESTMENT TRUST PLC


                     REPURCHASE OF SHARES FOR CANCELLATION



JPMorgan US Discovery Investment Trust plc has today purchased 780,000 shares
for cancellation at 875.75 pence per share.



Following the transaction the remaining shares in issue total 9,071,480
including 380,000 held in treasury at a weighted average discount of 8.73%.











27th June 2007





For further information, please contact:



Lucy Dina
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000



Paul Palmer
Cenkos Securities plc - Stockbrokers to the Company
0207 3971 915






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