Statement re Annual Report

JPMorgan Fleming Smaller Cos IT PLC
29 October 2003

                       LONDON STOCK EXCHANGE ANNOUNCEMENT

            JPMORGAN FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC


29th October 2003


The Board of JPMorgan Fleming Smaller Companies Investment Trust plc (the 
'Company') announces that due to a printing error, the Company's annual report,
which was dispatched to shareholders on Monday 27th October 2003, is being
re-printed and will be re-despatched to shareholders as soon as possible.



J. P. Morgan Fleming Asset Management (UK) Limited - Secretary

For further information, please contact:

Jonathan Latter
J.P. Morgan Fleming Asset Management (UK) Limited        020 7742 6000


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