AGM Statement

JPMorgan Smaller Cos IT PLC
28 November 2007

                          STOCK EXCHANGE ANNOUNCEMENT



                                 AGM STATEMENT



                JPMORGAN SMALLER COMPANIES INVESTMENT TRUST PLC



                               28TH NOVEMBER 2007







Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all of the Ordinary Resolutions put to
shareholders were passed.  In addition, an item of special business was passed
which will allow the Company to make market purchases of up to 3,118,816
ordinary shares, representing 14.99% of the Company's issued share capital.























28th November 2007



For further information, please contact:



Lucy Dina



For and on behalf of

JPMorgan Asset Management (UK) Limited - Company Secretary

020 7742 6000




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