ASSET ANALYSIS

JPMorgan Fleming Japanese Smllr Cos
9 June 2003


ASSET ANALYSIS AS AT 30th May 2003


JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST plc

                                                                   % funds as at 30/05/03
UK                                                                                      3
Japan 1st section                                                                      69
Japan 2nd section                                                                       7
Japan OTC/regional                                                                     22
Japan bonds                                                                             0
Cash and non Japanese fixed interest                                                   -1
                                                                                      100


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