Final Results

Fleming Chinese Inv Tst PLC
1 November 2000


                            
        THE FLEMING CHINESE INVESTMENT TRUST PLC



Unaudited results - year to 30 September 2000

The  Directors  have today announced the unaudited  final
results for the financial year to 30 September 2000.

The net asset value per share as at 30 September 2000 was
83.6  pence.  This  compares with 57.3  pence  as  at  30
September  1999  representing an  increase  of  46%.  The
comparator  index  which is used  by  the  Company  is  a
composite index expressed in sterling terms and comprises
40%  Hang Seng Index, 40% Taiwan Weighted Index  and  20%
BNP  Prime  Peregrine China Index. This  composite  index
rose by 21% over the year to 30 September 2000.

The  Company's  investment policy is  to  concentrate  on
capital growth. Earnings per share have fallen from  0.14
pence  in 1999 to -0.17 pence this year. Given the  level
of  earnings  the  Directors do not  recommend  that  any
dividend  be paid to shareholders for the year  ended  30
September  2000. The total return per ordinary share  has
shown  an  increase of 34%, rising from  19.66  pence  to
26.36 pence.



Hilary Lowe
Chase Fleming Asset Management (UK) Limited 020 7742 3274



        THE FLEMING CHINESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 2000

                                        
                                       2000      1999 
                                               (Restated)

                                       £'000     £'000

REVENUE

Income

     Franked dividends                      -       56
     Overseas dividends                   645      419
     Overseas interest                      -       13
     Scrip dividends                      340      208
     Deposit interest                      18       42
     Stock lending fees                     6        8
                                        _____    _____
Gross Revenue                           1,009      746

Less Management fee                       584      346
     Other administrative expenses        317      257
     Interest payable                     152       24
                                       ______    _____
Return before Taxation                   (44)      119

Less Taxation                              58       37
                                        _____    _____
Return attributable to ordinary 
shareholders                             (102)      82
                                         ====     ====


Dividend per ordinary share               nil    0.10p

                                        2000      1999

                                       £'000     £'000

CAPITAL


                                       ______   ______
Return attributable to ordinary 
shareholders                           15,754   11,804
                                        =====    =====

Revenue return per ordinary share    (0.17) p   0.14 p
Capital return per ordinary share     26.53 p  19.52 p
Total return per ordinary share       26.36 p  19.66 p







        THE FLEMING CHINESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 2000
                            
                            

BALANCE SHEET                            2000     1999

                                        £'000    £'000

Investments at valuation               50,193   36,111

Net current liabilities               (1,197)  (1,470)
                                       ______   ______
Total Net Assets                       48,996   34,641
                                        =====    =====

Fully-diluted net asset value per ordinary share
                                        83.6 p  57.3 p

Undiluted net asset value per ordinary share
                                        83.6 p  57.3 p





CASH FLOW STATEMENT
                                        2000      1999

                                       £'000     £'000


Net cash outflow from operating 
activities                              (340)     (157)

Net cash outflow from returns on investments 
and servicing of finance                (152)     (24)

Total tax recovered                      116      132

Net cash inflow/(outflow)from capital 
expenditure and financial investment     934   (3,139)

Total equity dividends paid              (60)    (302)

Net cash (outflow) / inflow from 
financing                                (115)   1,338
                                         ____    _____
Increase/(decrease) in cash in the period 383   (2,152)
                                         ====     ====






The  above  financial  information  does  not  constitute
statutory  accounts  as defined in  Section  240  of  the
Companies Act 1985. The comparative financial information
is  based  on the statutory accounts for the  year  ended
30th  September  1999.  These accounts,  upon  which  the
auditors   issued  an  unqualified  opinion,  have   been
delivered to the Registrar of Companies.

CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED

31st October 2000