Holding(s) in Company

JPMorgan Fleming Japanese Smllr Cos
28 May 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest

LEGAL & GENERAL GROUP PLC

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 914945            17,908

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 775245            163,911

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 357206            1,289,533

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 747381            78,360

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 866203            69,000

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 360509            75,398



5)   Number of shares/amount of stock acquired

NOT NOTIFIED


6)   Percentage of issued class

NOT NOTIFIED

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 25P SHARES

10)  Date of transaction

24TH MAY 2004

11)  Date company informed

28TH MAY 2004

12)  Total holding following this notification

1,694,110


13)  Total percentage holding of issued class following this notification

4.29%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

NICOLA WALTERS     020 7742 3453

16)  Name and signature of authorised company official responsible for
     making this notification



PHILIP JONES



Date of notification: 28 MAY 2004






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