Top 10 Largest Investments

JPMorgan Fleming Mercantile IT PLC
5 January 2005


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



Ten Largest Investments

JP Morgan Fleming Mercantile Investment Trust

EMI                                                                          2.2
P & O                                                                        2.0
BPB                                                                          2.0
Slough Estates                                                               1.8
Persimmon                                                                    1.7
Taylow Woodrow                                                               1.7
Trinity Mirror                                                               1.5
Barratt Developments                                                         1.5
GKN                                                                          1.5
Wimpey (George)                                                              1.4
                                                                            17.3



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