Geographical Breakdowns

JPMorgan Fleming Mercantile IT PLC
9 December 2004


JPMORGAN FLEMING INVESTMENT TRUST               
GEOGRAPHICAL BREAKDOWNS % OF TOTAL ASSETS AS AT
30th November 2004



JPMORGAN FLEMING MERCANTILE INVESTMENT TRUST

                                                                               %
United Kingdom                                                              95.6
Cash                                                                         4.4
                                                                             100

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