Interim Results

Fleming Asian Investment Trust PLC
6 June 2001



LONDON STOCK EXCHANGE ANNOUNCEMENT



THE FLEMING ASIAN INVESTMENT TRUST PLC



PRELIMINARY ANNOUNCEMENT OF INTERIM RESULTS


6th June 2001



The Board of The Fleming Asian Investment Trust have today announced the
unaudited interim results of the Company for the six months to 31 March 2001.



The Company's fully-diluted net asset value per ordinary share declined by
15.5% versus a decline of 12.3% in the benchmark, the Morgan Stanley Composite
Free Index ex-Japan in sterling terms, for the six months to March 2001.  The
ordinary share price fell by 21.3% reflecting the widening in the discount at
which the Company's shares trade to the net asset value from 9.0% to 15.2%.



For and on behalf of

The Fleming Asian Investment Trust plc



JP Morgan Fleming Asset Management (UK) Limited - Secretary









For further information:



Fraser Easton ............................................   020 7742 6000
JP Morgan Fleming Asset Management Limited


                    THE FLEMING ASIAN INVESTMENT TRUST PLC


         UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31ST MARCH 2001




                                                               2001        2000
                                                              £'000       £'000

REVENUE


Income

Franked dividends                                                41           -
Unfranked dividends                                           1,110         838
Scrip dividends                                                   -          96
Deposit interest                                                553          93
Stock lending fees                                                1           7
                                                            _______     _______
Gross Revenue                                                 1,705       1,034

Less:
Management fee                                                  663         656
Other administrative expenses                                   157         193
Interest payable                                              1,013         917
                                                            _______     _______
Return before Taxation                                        (128)       (732)

Less:  Taxation                                                (43)        (34)
                                                            _______     _______
Return available to ordinary shareholders                     (171)       (766)
                                                              =====       =====

                                                               2001        2000
                                                              £'000       £'000

CAPITAL


Movements on investments                                   (28,689)     107,319
                                                            _______     _______
Return attributable to ordinary shareholders               (28,689)     107,319
                                                              =====       =====
Dividends per ordinary share                                    Nil         Nil

Revenue return per ordinary share                           (0.10)p     (0.47)p
Capital return per ordinary share                          (17.53)p      65.60p
Total return per ordinary share                            (17.63)p      65.13p
                                                              =====       =====








                    THE FLEMING ASIAN INVESTMENT TRUST PLC

          UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31ST MARCH 2001




                                                                   2001    2000
                                                                  £'000   £'000

BALANCE SHEET


Investments at valuation                                        148,611 255,395

Net current assets                                               35,762  16,310

Term loan                                                       (30,000)(30,000)

Deferred taxation                                                     -    (38)
                                                                _______ _______
Total net assets                                                154,373 241,667
                                                                  =====   =====
Net asset value per ordinary share                                94.3p  139.6p

CASH FLOW STATEMENT
                                                                   2001    2000
                                                                  £'000   £'000

Net cash inflow/(outflow) from operating activities                 651    (53)

Net cash outflow from returns on investments and servicing of   (1,286)   (678)
finance

Net cash inflow /(outflow) from capital expenditure and          14,986 (4,801)
financial investment

Equity dividends paid                                                 -   (818)

Net cash inflow from financing                                        3  20,007
                                                                _______  ______
Increase in cash for the period                                  14,354  13,657
                                                                  =====    ====





The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985.  Statutory accounts for the
period ended 30th September 2000 have been delivered to the Registrar of
Companies.



JP MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED