Treasury Stock

JPMorgan US Discovery IT PLC
02 November 2007


                       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 822.00 pence per share.

Following the transaction the remaining shares in issue less the total number of
treasury shares is 8,544,480.


2nd November 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