Shares in Issue

Fleming Japanese Smaller Cos IT PLC
11 May 2000


 THE FLEMING JAPANESE SMALLER COMPANIES INVESTMENT
                      TRUST PLC
                           
                           
                    SHARE CAPITAL
                          
The Fleming Japanese Smaller Companies announces
that the number of share which it has in issue as at
today is 57,144,423.

For further information, please contact:

Hilary Lowe/Linda Field (Company Secretary)
Caroline Henry (Assistant Company Secretary)