AGM Statement

JPMorgan Fleming Smaller Cos IT PLC
24 November 2004




                      STOCK EXCHANGE ANNOUNCEMENT


       JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company which was held yesterday,
the Board are pleased to announce that all the resolutions put to shareholders
were passed, including one special resolution which:



•   will allow the Company to make market purchases of ordinary shares up
    to a maximum number of 3,809,886 or, if less, that number of shares which is
    equal to 14.99% of the Company's issued ordinary share capital.


24th November 2004



For further information, please contact:

Andrew Norman
J.P. Morgan Fleming Asset Management (UK) Ltd ................020 7742 6000






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