Transaction in Own Shares

JPMorgan US Discovery IT PLC
09 January 2008



                       LONDON STOCK EXCHANGE ANNOUNCEMENT


                   JPMORGAN US DISCOVERY INVESTMENT TRUST PLC


                                 TREASURY STOCK

JPMorgan US Discovery Investment Trust plc yesterday purchased into treasury
50,000 ordinary shares at 753.86 pence per share.


Following the transaction the remaining shares in issue less the total number of
treasury shares is 7,800,480.



9th January 2008


For further information, please contact:


Lucy Dina

JPMorgan Asset Management (UK) Limited, 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