Purchase of Own Securities

Fleming Japanese Smaller Cos IT PLC
10 May 2000


The information contained in this document is provided
soley by way of information for the benefit of the
Company's existing shareholders. Accordingly, this
document does  not and is not intended in any way to
promote the Company or encourage the purchase of shares
in the Company.  Furthermore this document does not
constitute or form part of any solicitation or offer to
subscribe for shares in the Company.
                            
                            
         THE FLEMING JAPANESE SMALLER COMPANIES
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The Fleming Japanese Smaller Companies announces that yesterday  in
the   market  they  purchased  for  cancellation  100,000
ordinary  shares at 475p per share representing 0.17%  of
the ordinary shares in issue.

The  remaining shares in issue following this  repurchase
is 57,344,423.

For further information, please contact:

Craig Cleland  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited
020 7638 5858

David McLaughlin
Dresdner KB - Stockbrokers to the Company
020 7475 6672