Top 10 Largest Investments

JPMorgan Fleming Mercantile IT PLC
2 December 2004

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


Ten Largest Investments
JP Morgan Fleming Mercantile Investment Trust
EMI                                                                       2.1
P & O                                                                     2.1
BPB                                                                       1.9
Persimmon                                                                 1.6
Trinity Mirror                                                            1.6
Slough Estates                                                            1.6
Taylow Woodrow                                                            1.5
International Power                                                       1.5
GKN                                                                       1.4
United Business Media                                                     1.4
                                                                         16.7




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