Asset Analysis

JPMorgan Fleming Smaller Cos IT PLC
9 December 2004


ASSET ANALYSIS AS AT 31st October 2004


JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                                   % funds as at 30/11/04
UK FTSE 100                                                                             0
UK FTSE 250 (excluding IC's)                                                           19
FTSE Small Cap (excluding IC's)                                                        68
IC income and capital shares                                                            0
Other IC's                                                                              0
AIM OFEX                                                                               14
International equities                                                                  0
Cash/cash equivalents                                                                  -1
                                                                                      100


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