Holding in Company

Fleming Smaller Co's Inv. Trust PLC
12 December 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

THE FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

2)   Name of shareholder having a major interest

JP MORGAN CHASE & CO


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

CHASE FLEMINGS ASSET MANAGEMENT LIMITED : 1,660,000
FLEMING PRIVATE ASSET MANAGEMENT LIMITED: 2,656,373
JP MORGAN ASSET MANAGEMENT SERVICES : 2,559,500


5)   Number of shares/amount of stock acquired

NOT STATED

6)   Percentage of issued class

NOT STATED

7)   Number of shares/amount of stock disposed

NOT STATED

8)   Percentage of issued class

NOT STATED

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

NOT STATED

11)  Date company informed

11TH DECEMBER   2001


12)  Total holding following this notification

6,875,873

13)  Total percentage holding of issued class following this notification

25.78 %



14)  Any additional information




15)  Name of contact and telephone number for queries

LINDA FIELD, 020 7742  3426

16)  Name of authorised company official responsible for making this
notification

HELEN WALKER, 020 7742 3453

17) Date of notification

12TH DECEMBER  2001