Asset Analysis as at 31/3/01

Fleming American Inv Trust PLC
5 April 2001


ASSET ANALYSIS AS AT 31st MARCH 2001

THE FLEMING AMERICAN INVESTMENT TRUST plc

                                                   % funds as at 31/3/01
UK                                                                            0
S&P 500                                                                      69
Other US equities                                                            23
Other equities                                                                0
US bonds/fixed interest                                                       0
Cash and non-fixed interest                                                   8
                                                                            100