Net Asset Value(s)-Replace

JPMorgan Fleming Smaller Cos IT PLC
13 April 2006



The following amendment has been made to the 'Net Asset Value'
announcement released on 13 April at 11:13 under RNS No 5018B.

The correct information for JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST 
PLC is now displayed below.

All other details remain unchanged.

The full amended text is shown below.



JPMORGAN ASSET MANAGEMENT (UK) LIMITED ANNOUNCES THE UNAUDITED NET ASSET VALUES
(NAVS) OF THE FOLLOWING INVESTMENT TRUSTS AS AT CLOSE OF BUSINESS ON 12TH APRIL
2006.  THESE NAVS HAVE BEEN CALCULATED IN ACCORDANCE WITH AITC RECOMMENDATIONS
(I.E. EXCLUDING CURRENT FINANCIAL YEAR REVENUE ITEMS), EXCEPT WHERE NOTED BELOW.
THE UNDERLYING INVESTMENTS OF THE INVESTMENT TRUSTS HAVE BEEN VALUED ON A BID
BASIS, OR IF MORE APPROPRIATE, A LAST TRADE BASIS.  PROVISIONS FOR PERFORMANCE
FEES, CAPITAL EXPENSES AND CAPITAL INTEREST ARE INCLUDED IN THESE NAVS WHERE
APPLICABLE.


AN ESTIMATE OF THE CURRENT REVENUE RESERVE IS INCLUDED WHERE THIS RESERVE IS IN
DEFICIT.



THE NET ASSET VALUES IN PENCE WITH DEBT VALUED AT PAR AS AT MARKET CLOSE ON 12TH
APRIL 2006 WERE AS FOLLOWS:


JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC:                 530.72




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