Asset Analysis

Fleming Mercantile Inv Trust PLC
5 September 2001


ASSET ANALYSIS AS AT 31st August 2001


THE FLEMING MERCANTILE INVESTMENT TRUST plc
                                                          % funds as at 31/8/01
UK FTSE 100                                                                   3
UK FTSE 250 (excluding IC's)                                                 77
FTSE Small Cap (excluding IC's)                                              17
IC income and capital shares                                                  0
Other IC's                                                                    0
International equities                                                        0
Cash and FI                                                                   3
                                                                            100