Transaction in Own Shares

JPMorgan Fleming Smaller Cos IT PLC
06 June 2006



                          STOCK EXCHANGE ANNOUNCEMENT

            JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The following replaces the 'Transaction in Own Shares' announcement released on
5th June 2006 at 17.30 under RNS Number 0881E.

The remaining shares in issue following this notification are 23,192,186 and not
23,2192,186, as previously stated.  All other information remains the same.
Please see below for the revised announcement.


JPMorgan Fleming Smaller Companies Investment Trust plc announces that today in
the market it purchased for cancellation 17,000 ordinary shares at 432.17 pence
per share representing 0.07 % of the ordinary shares in issue.

The current repurchase authority for 3,519,080 shares was approved by
shareholders on 28th November 2005.  To date 284,000 shares have been
repurchased under this authority.

The remaining shares in issue following this repurchase totals 23,192,186.


5th June 2006


For further information, please contact:

Lucy Sullivan
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000

Gavin Tooke
Dresdner Kleinwort Wasserstein - Stockbrokers to the Company
0207 623 8000



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