Holding in Company

Fleming Asian Investment Trust PLC
4 January 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FLEMING ASIAN INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PRUDENTIAL PLC

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.

     PRUDENTIAL CLIENT HSBC GIS NOM (UK) PAC A/C

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 25p SHARES

10)  Date of transaction

     NOT STATED

11)  Date company informed

     03-Jan-01

12)  Total holding following this notification

     7,876,648
               
              
13)  Total percentage holding of issued class following this notification

     4.81%

14)  Any additional information



15)  Name of contact and telephone number for queries

     HILARY LOWE,  020 7742 3274

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

     Date of Notification ......04-Jan-01..............................