Asset Analysis

Fleming Smaller Co's Inv. Trust PLC
3 October 2001


ASSET ANALYSIS AS AT 30th September 2001


THE FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                    % funds as at 30/9/01
UK FTSE 100                                                                   0
UK FTSE 250 (excluding IC's)                                                 20
FTSE Small Cap (excluding IC's)                                              75
IC income and capital shares                                                  0
Other IC's                                                                    0
International equities                                                        0
Cash equivalents                                                              5
                                                                            100