Transaction in Own Shares

JPMorgan US Discovery IT PLC
07 June 2007



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                   JPMORGAN US DISCOVERY INVESTMENT TRUST PLC

                                TREASURY STOCK


JPMorgan US Discovery Investment Trust plc has today purchased into treasury
50,000 ordinary shares at 871 pence per share.

Following the transaction the remaining shares in issue less the total number of
treasury shares is 9,571,480.


7th June 2007


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