Holding(s) in Company

JPMorgan Fleming Smaller Cos IT PLC
30 October 2006

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest

 LEGAL AND GENERAL

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


HSBC Global Custody Nominee (UK) Ltd A/c 775245              69,368
HSBC Global Custody Nominee (UK) Ltd A/c 357206             662,864
HSBC Global Custody Nominee (UK) Ltd A/c 747381              49,404
HSBC Global Custody Nominee (UK) Ltd A/c 866203              38,335
HSBC Global Custody Nominee (UK) Ltd A/c 969995             160,206
HSBC Global Custody Nominee (UK) Ltd A/c 999392               3,305
HSBC Global Custody Nominee (UK) Ltd A/c 360509              33,600



5)   Number of shares/amount of stock acquired

NOT DISCLOSED

6)   Percentage of issued class

NOT DISCLOSED

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class


N/A

9)   Class of security

ORDINARY 25P SHARES


10)  Date of transaction

NOT DISCLOSED


11)  Date company informed

27TH OCTOBER 2006

12)  Total holding following this notification

1,017,082 SHARES


13)  Total percentage holding of issued class following this notification

4.43%

14)  Any additional information

N/A


15)  Name of contact and telephone number for queries

ALEX PARRY 020 7742 3453

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

PHILIP JONES 020 7742 7214



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