Transaction in Own Shares

JPMorgan US Discovery IT PLC
11 May 2007


                          STOCK EXCHANGE ANNOUNCEMENT

                   JPMORGAN US DISCOVERY INVESTMENT TRUST PLC

                           PURCHASE OF OWN SECURITIES


JPMorgan US Discovery Investment Trust plc announces that on 11th May 2007 it
purchased in the market, to hold in treasury, 75,000 ordinary shares at 855.5
pence per share.

Following this repurchase the Company now holds a total of 150,000 shares in
treasury at an average size-weighted discount of 8.75%.

The number of shares in issue less the total number of treasury shares is
9,701,480.


11th May 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



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