Directorate Change

JPMorgan Fleming Japanese Smllr Cos
12 May 2004


JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST PLC


12th May 2004



The Board of JPMorgan Fleming Japanese Smaller Companies Investment Trust plc
announces the resignation of Mr Anthony Newsome as a non-executive Director with
effect from 30th April 2004.  The Board wishes to thank Mr Newsome for his
valuable contribution to the Board.



For further information, please contact:


Richard Lewis, Company Secretary

J.P. Morgan Fleming Asset Management (UK) Ltd - Secretary 020 7742 6000


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