Asset Analysis

Fleming Smaller Co's Inv. Trust PLC
29 June 2001



ASSET ANALYSIS AS AT 28th JUNE 2001


THE FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                    % funds as at 28/6/01
UK FTSE 100                                                                   0
UK FTSE 250 (excluding IC's)                                                 21
FTSE Small Cap (excluding IC's)                                              80
IC income and capital shares                                                  0
Other IC's                                                                    0
International equities                                                        0
Cash equivalents                                                             -1
                                                                            100