Portfolio Update

JPMorgan Fleming Mercantile IT PLC
04 October 2005


30- September- 05
JPMorgan Investment Trust
Ten Largest Investments
in % of Total Assets.


Ten Largest Investments
JPMorgan Fleming Mercantile Investment Trust

BPB                                                                          2.7
P&O                                                                          2.2
Corus                                                                        2.1
Persimmon                                                                    2.0
GKN                                                                          1.9
Taylor Woodrow                                                               1.8
Slough Estates                                                               1.8
Barratt Development                                                          1.7
EMI                                                                          1.7
Investec                                                                     1.7
                                                                            19.6


                      This information is provided by RNS
            The company news service from the London Stock Exchange