Purchase of Own Securities

Fleming Smaller Co's Inv. Trust PLC
13 August 2002



                          STOCK EXCHANGE ANNOUNCEMENT

               THE FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



The Fleming Smaller Companies Investment Trust plc announces that on 12 August
2002 in the market they purchased for cancellation 50,000 ordinary shares at
150p per share representing 0.19% of the ordinary shares in issue.


The remaining shares in issue following this repurchase total 26,616,186.


13 August 2002



For further information, please contact:

Fraser Easton  (Company Secretary)
J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425

Alan Brierley
Dresdner Kleinwort Wasserstein Securities Limited- Stockbrokers to the Company
020 7475 6672



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