Holding(s) in Company

Aberdeen Asian Smaller Co's Inv Tst
23 October 2003


                                  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

Funds under the management of Aberdeen Asset Managers 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

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

150,000

8. Percentage of issued class

0.56%

9. Class of security

Ordinary 25p shares

10. Date of transaction

22 October 2003



11. Date company informed

23 October 2003

12. Total holding following this notification

4,939,733

13. Total percentage holding of issued class following this notification

18.46%

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 - Secretary

Date of notification

23 October 2003




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