Asset Analysis as at 28/2/01

Fleming Smaller Co's Inv. Trust PLC
15 March 2001


ASSET ANALYSIS AS AT 28TH FEBRUARY 2001

The Fleming Smaller Companies Investment Trust plc

                                          % of fund as at 28/02/01

UK FTSE 100                                                      0
UK FTSE 250 (ex Ics)                                            18
FTSE Small Cap (ex Ics)                                         82
IC Income & Cap Shares                                           0
Other Ics                                                        0
Int'l Eqs                                                        0
Cash & FI                                                        0

                                                               100