Change of Lead Manager

JPMorgan Fleming Smaller Cos IT PLC
13 January 2003



                       London Stock Exchange Announcement


            JPMorgan Fleming Smaller Companies Investment Trust plc


13th January 2003

The Board of JPMorgan Fleming Smaller Companies Investment Trust plc announces
that Georgina Brittain has been appointed by JPMorgan Fleming Asset Management
(UK) Limited as lead investment manager of the Company's portfolio.

Ms Brittain has been involved in the day-to-day management of the Company's
assets since January 1998.

The change in lead manager has resulted from Ross Hollyman's decision to leave
JPMorgan Fleming Asset Management (UK) Limited.


J.P.Morgan Fleming Asset Management (UK) Limited - Secretary

For further information, please contact:

Fraser Easton
Steven Hobbis
J.P. Morgan Fleming Asset Management (UK) Limited               020 7742 6000



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