Director Shareholding

SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Aberdeen Asian Smaller Companies Investment Trust PLC

2. Name of director

Alan Kemp

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary



7. Number of shares / amount of stock acquired

33,500 Ordinary 25p shares

8. Percentage of issued class

0.13%

9. Number of shares/amount of stock disposed

N/A

10. Percentage of issued class

N/A

11. Class of security

Ordinary 25p shares

12. Price per share

167p

13. Date of transaction

12 May 2004

14. Date company informed

12 May 2004

15. Total holding following this notification

39,212 Ordinary 25p shares

16. Total percentage holding of issued class following this notification

0.15%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant



18. Period during which or date on which exercisable



19. Total amount paid (if any) for grant of the option



20. Description of shares or debentures involved: class, number



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise



22. Total number of shares or debentures over which options held following this
notification



23. Any additional information



24. Name of contact and telephone number for queries

Ruth Greenall, 020 7463 6305

25. Name and signature of authorised company official responsible for making
this notification

Aberdeen Asset Management PLC - Secretary

Date of Notification

12 May 2004