Holding in Company

Fleming Smaller Co's Inv. Trust PLC
2 January 2002

                                 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

JP MORGAN   CHASE & CO


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

JP MORGAN FLEMINGS ASSET MANAGEMENT  : 1,660,000

CHASE FLEMING PRIVATE WEALTH MANAGEMENT LIMITED: 2,548,473

JP MORGAN ASSET MANAGEMENT SERVICES : 2,454,000



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

NOT STATED

8)   Percentage of issued class

NOT STATED

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

NOT STATED

11)  Date company informed

2nd JANUARY 2002




12)  Total holding following this notification

6,662,473

13)  Total percentage holding of issued class following this notification

24.98 %



14)  Any additional information




15)  Name of contact and telephone number for queries

JONATHAN LATTER, 020 7742  3408

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

HELEN WALKER, 020 7742 3453



17)  Date of notification



2nd JANUARY 2002