Purchase of Own Secs-Amendmen

Fleming Japanese Smaller Cos IT PLC
31 October 2001

The issuer advises that the 'Purchase of Own Securities' announcement released
on 29 October 2001 at 16:03 under RNS Number 3002M has been amended.

The number of shares repurchased to date should read 9,410,000 and not
9,620,000 as previously shown.  All other details remain unchanged.  The full
corrected version is shown below.'

                         STOCK EXCHANGE ANNOUNCEMENT

                    THE FLEMING JAPANESE SMALLER COMPANIES

                             INVESTMENT TRUST PLC

                REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The Fleming Japanese Smaller Companies Investment Trust plc announces that on
Monday 29th October 2001 in the market it purchased for cancellation 250,000
ordinary shares at 200p per share representing 0.52% of the ordinary shares in
issue.

The number of shares repurchased to date now totals 9,410,000.

The remaining shares in issue following this announcement are 47,834,423.

31st October 2001

For further information, please contact:

Hilary Lowe
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited
020 7742 3274



Alan Brierley
Dresdner Kleinwort Wasserstein Securities Limited- Stockbrokers to the Company
020 7475 6672