Purchase of Own Securities

JPMorgan Fleming American IT PLC
27 February 2003





                          STOCK EXCHANGE ANNOUNCEMENT



                 JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC



                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




JPMorgan Fleming American Investment Trust plc announces that on Wednesday 26th
February in the market it purchased for cancellation 50,000 ordinary shares at
435p per share representing a total of 0.09% of the ordinary shares in issue.



The current repurchase authority for 9,139,960 shares was approved by
shareholders on 25 April 2002.  To date 2,753,500 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase is 58,416,163.







27 February 2003



For further information, please contact:



Hilary Lowe
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited
020 7742 3274





Tod Davis
Cazenove & Co - Stockbrokers to the Company
020 7214 7507








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