Holding(s) in Company

Fleming Smaller Co's Inv. Trust PLC
15 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 FLEMING ASSET MANAGEMENT: 1,660,000

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

JP MORGAN ASSET MANAGEMENT SERVICES: 2,559,000

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

15TH JANUARY 2002

12)  Total holding following this notification

6,767,973


13)  Total percentage holding of issued class following this notification

25.38%

14)  Any additional information



15)  Name of contact and telephone number for queries

JONATHAN LATTER 020 7742 3408

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

     SARA WALTHAM 020 7742 5531 15TH JANUARY 2002