Asset Analysis

JPMorgan Fleming Smaller Cos IT PLC
6 February 2003


                    ASSET ANALYSIS AS AT 31st January 2003

          JP MORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                      % funds as at 31/01/03
UK FTSE 100                                                                0
UK FTSE 250 (excluding IC's)                                              29
FTSE Small Cap (excluding IC's)                                           87
IC income and capital shares                                               0
Other IC's                                                                 0
International equities                                                     0
Cash equivalents                                                         -16
                                                                         100



                      This information is provided by RNS
            The company news service from the London Stock Exchange                 ESE