Asset Analysis as at 31/3/01

Fleming Japanese Inv Trust PLC
5 April 2001


ASSET ANALYSIS AS AT 31st MARCH 2001

THE FLEMING JAPANESE INVESTMENT TRUST plc

                                                      % funds as at 31/3/01
UK                                                                            2
Japan 1st section                                                            86
Japan 2nd section                                                             0
Japan OTC/regional                                                            5
Japan bonds                                                                   0
Cash and non Japanese fixed interest                                          7
                                                                            100