Sector/Geographical Breakdown

Fleming Japanese Smaller Cos IT PLC
12 March 2002




       SECTOR/GEOGRAPHIC BREAKDOWN BY % AND TEN
         LARGEST INVESTMENTS, February 2002


THE FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST plc

                                                                                      %
BY SECTOR

Assets/Liabilities                                                                  11.1
Resources                                                                              0
Cyclical Consumer Goods                                                              1.8
Cyclical Services                                                                   32.5
Financials                                                                          15.4
General Industrials                                                                 25.3
Information Technology                                                               4.1
Non Cyclical Consumer Goods                                                          4.2
Non Cyclical Services                                                                4.5
Basic Industries                                                                     1.1

Total                                                                                100


BY TERRITORY                                                                          %

Japan                                                                               88.9
Assets/Liabilities                                                                  11.1
United Kingdom                                                                         -

Total                                                                                100


TEN LARGEST INVESTMENTS

Yanmada Denki                                                                        7.2
Aeon Credit Service                                                                  6.6
Otsuka Kagu                                                                          4.8
Komori                                                                               4.4
Eneserve                                                                             3.7
ARRK                                                                                 3.5
Yakult Honsha                                                                        3.4
Belluna                                                                              3.4
H.I.S.                                                                               3.3
Nissin                                                                               2.8

Total                                                                               42.9


                      This information is provided by RNS
            The company news service from the London Stock Exchange