Jpmorgan US Disc It Net Asset Value(s)

RNS Number:0785U
JPMorgan US Discovery IT PLC
09 May 2008


DATE 9TH MAY 2008



JPMORGAN ASSET MANAGEMENT (UK) LIMITED ANNOUNCES THE UNAUDITED NET ASSET VALUES
(NAVS) OF THE FOLLOWING INVESTMENT TRUSTS AS AT CLOSE OF BUSINESS ON 8TH MAY
2008.  THESE NAVS HAVE BEEN CALCULATED IN ACCORDANCE WITH AIC RECOMMENDATIONS
(I.E. EXCLUDING CURRENT FINANCIAL YEAR REVENUE ITEMS), EXCEPT WHERE NOTED BELOW.
  THE UNDERLYING INVESTMENTS OF THE INVESTMENT TRUSTS HAVE BEEN VALUED ON A BID
BASIS, OR IF MORE APPROPRIATE, A LAST TRADE BASIS.  PROVISIONS FOR PERFORMANCE
FEES, CAPITAL EXPENSES AND CAPITAL INTEREST ARE INCLUDED IN THESE NAVS WHERE
APPLICABLE.



AN ESTIMATE OF THE CURRENT REVENUE RESERVE IS INCLUDED WHERE THIS RESERVE IS IN
DEFICIT.



THE NET ASSET VALUES IN PENCE WITH DEBT VALUED AT PAR AS AT MARKET CLOSE ON 8TH
MAY 2008 WERE AS FOLLOWS:



JPMORGAN US DISCOVERY INVESTMENT TRUST PLC:                          734.40


JPMORGAN US DISCOVERY INVESTMENT TRUST PLC:****                      732.45








**** THE ABOVE NAV ASSUMES THAT THE 365,000 TREASURY SHARES HAVE BEEN REISSUED
AT 95% OF THE CLOSING NAV.







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