Holding(s) in Company

JPMorgan Smaller Cos IT PLC
17 October 2007


TR-1:     NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing    
shares to which voting rights are attached:                       

JPMorgan Smaller Companies Investment
              Trust plc


2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result         X
in the acquisition of shares already issued to which voting 
rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________


3. Full name of person(s) subject to the notification            
obligation:

EAST RIDING OF YORKSHIRE COUNCIL

4. Full name of shareholder(s) (if different from 3.):                             

N/A

5. Date of the transaction (and date on which the threshold is                  
crossed or reached if different):

03/10/07

6. Date on which issuer notified:                                               

17/10/07

7. Threshold(s) that is/are crossed or reached:                                    

4 %

8. Notified details:                                                          

4.29 %



A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction
shares           the Triggering
                 transaction
 if possible     Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN   Shares     Voting     shares
CODE                        Rights     Direct       Direct       Indirect     Direct       Indirect

ORDINARY SHARES   800,000    800,000     900,000      900,000        N/A         4.29 %         N/A
  GB0007416000


B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights


       900,000                                               4.29 %



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

       N/A


Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:



13. Additional information:                  Calculation based on 20,982,983 shares in issue.

14. Contact name:                            BARBARA OSBORNE

15. Contact telephone number:                01482 394148







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