Directorate Change

JPMorgan Fleming Smaller Cos IT PLC
31 March 2006

              JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST



                          STOCK EXCHANGE ANNOUNCEMENT


                               DIRECTORATE CHANGE



The Company announces today that, due to the pressure of other commitments, Mr.
David Thompson is to resign as a Director with immediate effect. Mr. Thompson
has been a Director of the Company since August 2002 and the Board wishes to
record its gratitude for his service and contribution to the Company over the
period of his tenure.


For further information, please contact:

Andrew Norman
For and on behalf of
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000



31st March 2006


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