Annual General Meeting

JPMorgan Fleming Smaller Cos IT PLC
09 December 2003


                         STOCK EXCHANGE ANNOUNCEMENT

          JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company which was held yesterday,
the Board are pleased to announce that all the resolutions put to shareholders
were passed, including three special resolutions which:

a)         will allow the Company to allot relevant securities up to an
           aggregate nominal amount of £317,702;

b)         will allow the Company to make market purchases of ordinary shares up
           to a maximum number of 3,809,886 or, if less, that number of shares 
           which is equal to 14.99% of the Company's issued ordinary share 
           capital; and

c)         change the Company's Articles of Association.


9th December 2002


For further information, please contact:

Fraser Easton (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Ltd ................020 7742 6000


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