Asset Analysis

JPMorgan Fleming Smaller Cos IT PLC
4 September 2003

ASSET ANALYSIS AS AT 31st August 2003

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                             % funds as at 31/08/03
UK FTSE 100                                                                             0
UK FTSE 250 (excluding IC's)                                                           28
FTSE Small Cap (excluding IC's)                                                        78
IC income and capital shares                                                            0
Other IC's                                                                              0
AIM OFEX                                                                                0
International equities                                                                  0
Cash/cash equivalents                                                                  -6
                                                                                      100

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