Asset Analysis

Fleming Mercantile Inv Trust PLC
6 November 2002


                    ASSET ANALYSIS AS AT 31st October 2002

                 THE FLEMING MERCANTILE INVESTMENT TRUST plc

                                                      % funds as at 31/10/02
UK FTSE 100                                                                2
UK FTSE 250 (excluding IC's)                                              75
FTSE Small Cap (excluding IC's)                                           12
IC income and capital shares                                               0
Other IC's                                                                 0
International equities                                                     0
Cash and FI                                                               11
                                                                         100

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