Asset Analysis

Fleming Japanese Smaller Cos IT PLC
6 August 2001


ASSET ANALYSIS AS AT 31st July 2001


THE FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST plc

                                                      % funds as at 31/7/01
UK                                                                            0
Japan 1st section                                                            68
Japan 2nd section                                                             3
Japan OTC/regional                                                           28
Japan bonds                                                                   0
Cash and non Japanese fixed interest                                          1
                                                                            100