Ten Largest Investments

Fleming Mercantile Inv Trust PLC
2 March 2004


Feb-04                                                           
JPMorgan Fleming Investment Trust                                
Ten Largest Investments                                          
in % of Total Assets.                                            


Ten Largest Investments                                          
Fleming Mercantile Investment Trust                              

Trinity Mirror                                            1.7    
Gresham Computing                                         1.7    
Hammerson                                                 1.7    
BPB                                                       1.6    
Logicacmg                                                 1.5    
Barratt Developments                                      1.4    
Associated British Ports                                  1.3    
EMI Group                                                 1.3    
Berkeley                                                  1.3    
Persimmon                                                 1.3    
                                                         14.8   


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