Holding(s) in Company

JPMorgan Fleming Smaller Cos IT PLC
03 August 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC

2)   Name of shareholder having a major interest

BARCLAYS PLC

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

GERRARD LTD                         581,154

BARCLAYS GLOBAL INVESTORS LTD       352,937

BARCLAYS LIFE ASSURANCE CO LTD      13,434

5)   Number of shares/amount of stock acquired

NOT NOTIFIED

6)   Percentage of issued class

NOT NOTIFIED

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 25P SHARES


10)  Date of transaction

29TH JULY 2005

11)  Date company informed

3RD AUGUST 2005

12)  Total holding following this notification

947,525 SHARES


13)  Total percentage holding of issued class following this notification

3.96%

14)  Any additional information



15)  Name of contact and telephone number for queries

NICOLA WALTERS 020 7742 3453

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

     ANDREW NORMAN 020 7742 6000



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