Asset Analysis

Fleming Japanese Smaller Cos IT PLC
3 October 2001


ASSET ANALYSIS AS AT 30th September 2001


THE FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST plc

                                                      % funds as at 30/9/01
UK                                                                            0
Japan 1st section                                                            65
Japan 2nd section                                                             3
Japan OTC/regional                                                           21
Japan bonds                                                                   0
Cash and non Japanese fixed interest                                         11
                                                                            100