Holding in Company

Fleming Smaller Co's Inv. Trust PLC
4 December 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE CHASE MANHATTAN CORPORATION

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

FLEMING INVESTMENT MANAGEMENT LTD: 1,814,110
FLEMING INVESTMENT TRUST MANAGEMENT LTD: 1,048,931
FLEMING PRIVATE ASSET MANAGEMENT LTD: 3,492,088
SAVE & PROSPER EQUITY PLAN MANAGERS LTD: 605,598
SAVE & PROSPER GROUP LTD (LIFE INSURANCE & PENSIONS): 895,604

5)   Number of shares/amount of stock acquired.

NOT STATED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

NOT STATED

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

NOT STATED

11)  Date company informed

30-NOV-00

12)  Total holding following this notification

7,856,331
               
              
13)  Total percentage holding of issued class following this notification

29.46%

14)  Any additional information



15)  Name of contact and telephone number for queries

JONATHAN LATTER
020 7742 3408

16)  Name and signature of authorised company official responsible for 
     making this notification    FOR AND ON BEHALF OF 
                                 CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED,
                                 SECRETARY

     Date of Notification ....04-DEC-00........