Purchase of Own Securities

Fleming American Inv Trust PLC
3 May 2000

        THE FLEMING AMERICAN INVESTMENT TRUST PLC
                            
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The  Fleming American Investment Trust plc announces that
on   the   3rd  May  in  the  market  it  purchased   for
cancellation  75,000 ordinary shares at  760p  per  share
representing a total of 0.12% of the ordinary  shares  in
issue.

The  number  of  shares repurchased to  date  now  totals
9,945,564

The current repurchase authority for 9,646,420 shares was
approved  by  shareholders on 27  April  2000.   To  date
75,000  shares have been repurchased under this authority
which represents 0.78% of the ordinary shares in issue as
at the date share holder approval was granted.

The  remaining shares in issue following this  repurchase
is 64,277,370


For further information, please contact:

Fraser Easton 020 7880-3425
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited  .020 7638 3425

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