Purchase of Own Securities

Fleming American Inv Trust PLC
9 February 2000


REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The  Fleming American Investment Trust plc
announces that today  in the market it purchased
for cancellation 80,000 ordinary shares at
717.0p per share  representing a total of 0.12%
of the ordinary shares in issue.

The  number  of  shares repurchased to  date
now  totals 9,275,564  representing 13.21% of
the ordinary shares  in issue  at  the  time  of
commencement of  the  repurchase programme.

The  remaining  number of shares in issue
following  this purchase is 64,947,370.


For further information, please contact:

Fraser Easton 0171-880-3425
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited
0171 638 3425

Angus Gordon Lennox
Cazenove & Co - Stockbrokers to the
Company.......0171 588 2828