ASSET ANALYSIS

JPMorgan Fleming Smaller Cos IT PLC
9 June 2003


ASSET ANALYSIS AS AT 30th May 2003

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                                   % funds as at 30/05/03
UK FTSE 100                                                                             0
UK FTSE 250 (excluding IC's)                                                           23
FTSE Small Cap (excluding IC's)                                                        77
IC income and capital shares                                                            0
Other IC's                                                                              0
AIM OFEX                                                                                1
International equities                                                                  0
Cash/cash equivalents                                                                  -1
                                                                                      100

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