ASSET ANALYSIS

JPMorgan Fleming Smaller Cos IT PLC
8 July 2003

ASSET ANALYSIS AS AT 30th June 2003

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                         % funds as at 30/06/03
UK FTSE 100                                                                   0
UK FTSE 250 (excluding IC's)                                                 27
FTSE Small Cap (excluding IC's)                                              72
IC income and capital shares                                                  0
Other IC's                                                                    0
AIM OFEX                                                                      1
International equities                                                        0
Cash/cash equivalents                                                         0
                                                                            100


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