Holding in Company

Fleming Asian Investment Trust PLC
1 November 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FLEMING ASIAN INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE CHASE MANHATTAN CORPORATION

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     CHASE FLEMING ASSET MANAGEMENT (UK) LTD        1,780,438
     CHASE FLEMING PRIVATE WEALTH MANAGEMENT LTD    7,350,060
     ROBERT FLEMING & CO LTD                            1,500
     SAVE & PROSPER GROUP LTD                      12,131,418

5)   Number of shares/amount of stock acquired.

     NOT STATED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT STATED

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25p

10)  Date of transaction

     NOT STATED

11)  Date company informed

     31-OCT-00

12)  Total holding following this notification

     21,263,416              
              
13)  Total percentage holding of issued class following this notification

     12.99%

14)  Any additional information



15)  Name of contact and telephone number for queries

     FRASER EASTON - 020 7742 3425

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ...31-OCT-00