Holding(s) in Company

Aberdeen Asian Smaller Co's Inv Tst
9 May 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Aberdeen Asian Smaller Companies Investment Trust PLC

2. Name of shareholder having a major interest
Exeter Asset Management Limited

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




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




5. Number of shares / amount of stock acquired




6. Percentage of issued class




7. Number of shares / amount of stock disposed
100,000

8. Percentage of issued class
0.37%

9. Class of security
Ordinary 25p shares

10. Date of transaction
8 May 2002





11. Date company informed
9 May 2002

12. Total holding following this notification
Exeter Smaller Companies Income Fund                  200,000
Exeter Managed Growth Fund                            900,000
Exeter Pacific Growth Fund                            750,000
Total                                                 1,850,000




13. Total percentage holding of issued class following this notification
6.91%

14. Any additional information


15. Name of contact and telephone number for queries
Ruth Humphrey, 020 7463 6305

16. Name and signature of authorised company official responsible for making
this notification
Aberdeen Asset Management PLC - Secretaries

Date of notification
9 May 2002





                      This information is provided by RNS
            The company news service from the London Stock Exchange