Director Shareholding

JP Morgan Fleming Asian Inv Tst PLC
11 September 2002



            NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

                              Christopher Penn


             Dealing in JPMORGAN FLEMING ASIAN INVESTMENT TRUST PLC

  The following shares are held through the JPMorgan Fleming Asset Management
                             Personal Pension Plan


29/12/1999                 Buy                       17                     112p

15/02/2000                 Buy                       4                      124p

22/02/2000                 Buy                       399                    125p

08/03/2000                 Buy                       1                      141p

31/03/2000                 Sell                      2                      127p

10/04/2000                 Buy                       4                      126p

15/05/2000                 Buy                       2                      106p

15/06/2000                 Buy                       1                    111.5p

18/07/2000                 Buy                       438                  113.5p

25/07/2000                 Buy                       1                      113p

15/09/2000                 Buy                       99                     108p

09/10/2000                 Buy                       135                   99.5p

22/11/2000                 Buy                       32                    94.5p

15/12/2000                 Buy                       1                       92p

02/01/2001                 Buy                       1                       90p

29/03/2001                 Sell                      2                       80p

22/08/2001                 Buy                       503                     69p

29/08/2001                 Buy                       1                       69p

10/09/2001                 Buy                       1                       66p

17/09/2001                 Buy                       1                     59.5p

01/10/2001                 Sell                      3                       62p

08/10/2001                 Buy                       1                       61p

15/10/2001                 Buy                       1                       63p

22/10/2001                 Buy                       151                  64.75p

29/10/2001                 Buy                       1                       64p

08/11/2001                 Buy                       1                     64.5p

15/11/2001                 Buy                       1                     67.5p

10/12/2001                 Buy                       1                     78.5p

17/12/2001                 Buy                       1                     73.5p

27/12/2001                 Buy                       1                     75.5p

02/01/2002                 Buy                       1                    76.05p

02/04/2002                 Sell                      3                     96.5p

29/04/2002                 Sell                      3                     96.5p

29/05/2002                 Sell                      3                    98.43p

Not Known                  Buy                       463               Not known

Total Holding              22,726


Name of contact and telephone number for queries:

Fraser Easton 0207-742-3425


Name of authorised company official responsible for making this notification:

Helen Walker 0207-742-3453

                      This information is provided by RNS
            The company news service from the London Stock Exchange