Sector/Geographical Breakdown

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




SECTOR/GEOGRAPHIC BREAKDOWNS BY % AND TEN LARGEST INVESTMENTS, April 2002



THE FLEMING SMALLER COMPANIES INVESTMENT TRUST plc

                                                                                   %
BY SECTOR

Cyclical Services                                                               30.1
Financials                                                                      13.9
Information Technology                                                          12.4
Basic Industries                                                                10.7
General Industrials                                                             10.7
Non-Cyclical Consumer Goods                                                      8.1
Cyclical Consumer Goods                                                          5.9
Resources                                                                        3.4
Non-Cyclical Services                                                            3.3
Utilities                                                                        0.8
Assets / Liabilities                                                             0.7

Total                                                                            100


BY TERRITORY                                                                       %

Untied Kingdom                                                                  98.8
Assets/Liabilities                                                               0.7
Eire                                                                             0.5

Total                                                                            100


TEN LARGEST INVESTMENTS

John Mowlem                                                                      2.1
Future Networks                                                                  2.0
Henlys                                                                           1.9
Vardy                                                                            1.7
Azlan                                                                            1.7
Arcadia Group                                                                    1.5
McAlpine (Alfred)                                                                1.5
Wembley                                                                          1.5
Keller Group                                                                     1.5
Wagon                                                                            1.5

Total                                                                           16.9






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