Asset Analysis

Fleming Mercantile Inv Trust PLC
4 April 2002


ASSET ANALYSIS AS AT 31st March 2002

THE FLEMING MERCANTILE INVESTMENT TRUST plc

                                                      % funds as at 31/03/02
UK FTSE 100                                                                4
UK FTSE 250 (excluding IC's)                                              72
FTSE Small Cap (excluding IC's)                                           14
IC income and capital shares                                               0
Other IC's                                                                 0
International equities                                                     0
Cash and FI                                                               10
                                                                         100 

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