Holding(s) in Company

JPMorgan Fleming Japanese Smllr Cos
19 April 2005

                                  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

LAZARD ASSET MANAGEMENT LLC

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

LAZARD ASSET MANAGEMENT LLC



5)   Number of shares/amount of stock acquired

100,000


6)   Percentage of issued class

0.25%

7)   Number of shares/amount of stock disposed

N/A


8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 10P SHARES

10)  Date of transaction

14th APRIL 2005

11)  Date company informed

18th APRIL 2005

12)  Total holding following this notification

7,115,000


13)  Total percentage holding of issued class following this notification

18.05%



14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

LUCY SULLIVAN     020 7742 3451

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

HILARY LOWE


Date of notification: 19th APRIL 2005



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