Share Buy Back

Aberdeen Asian Smaller Co's Inv Tst
31 July 2001



Aberdeen Asian Smaller Companies Investment Trust PLC announces the following
purchase of its securities, in the market, for cancellation.

2,500,000 Ordinary 25p shares purchased on 31 July 2001 for cancellation at
91.5p per share.  Following this transaction, 26,754,100 shares remain in
issue.