Holding in Company

Fleming Smaller Co's Inv. Trust PLC
29 June 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

THE FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

2)   Name of shareholder having a major interest

ROYAL LONDON LONG TERM FUND

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

CHASE NOMINEES LTD



5)   Number of shares/amount of stock acquired

NOT STATED

6)   Percentage of issued class

NOT STATED

7)   Number of shares/amount of stock disposed

250,000

8)   Percentage of issued class

NOT STATED

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

20TH JUNE 2001

11)  Date company informed

28TH JUNE 2001


12)  Total holding following this notification

950,000

13)  Total percentage holding of issued class following this notification

3.5626 %



14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

FRASER EASTON, 020 7742 3425

16)  Name of authorised company official responsible for making this
notification

VICKI KONG, 020 7742 3406



17)  Date of notification



29TH JUNE 2001