Purchase of Own Securities

Fleming American Inv Trust PLC
16 June 2000



THE FLEMING AMERICAN INVESTMENT TRUST PLC

REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The  Fleming American Investment Trust plc announces
that yesterday  in  the  market it purchased for
cancellation 50,000 ordinary shares at 835p per
share  representing  a total of 0.08% of the
ordinary shares in issue.



The  number  of  shares repurchased to  date  now
totals 14,260,564



The current repurchase authority for 9,646,420
shares was approved  by  shareholders on 27  April
2000.   To  date 4,390,000   shares  have  been
repurchased  under   this authority  which
represents 6.82% of the ordinary  shares in  issue
as  at  the  date share  holder  approval  was
granted.



The  remaining shares in issue following this
repurchase is 60,057,370

For further information, please contact:



Fraser Easton 020 7880-3425
Fleming Investment Trust Management Limited
020 7638 3425

Angus Gordon Lennox
Cazenove & Co - Stockbrokers to the
Company.......020 7588 2828