Interim Report

JPMorgan Fleming Japanese Smllr Cos
25 February 2004

                        STOCK EXCHANGE ANNOUNCEMENT

                               INTERIM REPORT


 A copy of the above document, for JPMorgan Fleming Japanese Smaller Companies
Investment Trust plc, has been submitted to the UK Listing Authority, and is
available for inspection at the UK Listing Authority's Documents Viewing
Facility, which is situated at:



Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS


Tel No: 020 7066 1000




25th February 2004


For further information, please contact:

Hilary Lowe
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited
020 7742 6000






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