Transaction in Own Shares

JPMorgan US Discovery IT PLC
15 February 2008



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                   JPMORGAN US DISCOVERY INVESTMENT TRUST PLC

                                 TREASURY STOCK

JPMorgan US Discovery Investment Trust plc today purchased into treasury 27,000
ordinary shares at 694.23 pence per share.

Following the transaction the remaining shares in issue less the total number of
treasury shares is 7,704,480.


15th February 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