Asset Analysis

JPMorgan Fleming Smaller Cos IT PLC
8 June 2004


ASSET ANALYSIS AS AT 31st May 2004



JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                             % funds as at31/05/04
UK FTSE 100                                                           0
UK FTSE 250 (excluding IC's)                                         21
FTSE Small Cap (excluding IC's)                                      71
IC income and capital shares                                          0
Other IC's                                                            0
AIM OFEX                                                              8
International equities                                                0
Cash/cash equivalents                                                 0
                                                                    100

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