Asset Analysis

JPMorgan Fleming Smaller Cos IT PLC
8 January 2003


ASSET ANALYSIS AS AT 31st December 2002

JP MORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                      % funds as at 31/12/02
UK FTSE 100                                                                0
UK FTSE 250 (excluding IC's)                                              20
FTSE Small Cap (excluding IC's)                                           80
IC income and capital shares                                               0
Other IC's                                                                 0
International equities                                                     0
Cash equivalents                                                           0
                                                                         100

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