Purchase of Own Securities

JPMorgan Fleming American IT PLC
11 March 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 Monday 10th
March in the market it purchased for cancellation 25,000 ordinary shares at 425p
per share representing a total of 0.04% 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 2,945,500 shares have been repurchased
under this authority.


The remaining shares in issue following this repurchase is 58,224,163.



11 March 2003


For further information, please contact:


Fraser Easton

For and on behalf of

J.P. Morgan Fleming Asset Management (UK) Limited

020 7742 3425




Tod Davis

Cazenove & Co - Stockbrokers to the Company

020 7214 7507



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