Final Results - Year to 30 September 1999

Fleming Chinese Inv Tst PLC
5 November 1999

                                
        THE FLEMING CHINESE INVESTMENT TRUST PLC

     Unaudited results - year to 30 September 1999

The  Directors  have today announced the unaudited  final
results for the financial year to 30 September 1999.

The net asset value per share as at 30 September 1999 was
57.3  pence.   This compares with 37.8  pence  as  at  30
September  1998  representing an increase  in  net  asset
value of 51.6%. 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 45.0%  over  the  year  to  30
September 1999.

Earnings per share have fallen from 0.51 pence in 1998 to
0.14  pence this year. This fall has been as a result  of
changes in the Company's portfolio following the move  to
investing in Taiwan where the companies tend to be  lower
yielding  and  to a fall in income from  some  Hong  Kong
companies. The Directors recommend that a dividend of 0.1
pence  per ordinary share be paid on 15 December 1999  to
shareholders  on  the  Register of Members  at  close  of
business on 19 November 1999. The payment of the dividend
is  subject to the approval of the Company's shareholders
at  the  Annual General Meeting. A dividend of 0.5  pence
per  share was paid last year. Current estimates indicate
that  shareholders should not expect a dividend  for  the
year to 30 September 2000.


Liz Hayman
Fleming Investment Trust Management Limited 0171 638 5858
                           
                           
                            
        THE FLEMING CHINESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 1999

                                        1999      1998

                                       £'000     £'000
REVENUE

Income

     Franked dividends                     62       15
     Overseas dividends                   419      837
     Overseas interest                     13       11
     Scrip dividends                      208      112
     Deposit interest                      42       87
     Stock lending fees                     8       48
                                        _____    _____
Gross Revenue                             752    1,110

Less Management fee                       346      518
     Other administrative expenses        257      213
     Interest payable                      24       10
                                       ______    _____
Return before Taxation                    125      369

Less Taxation                              43       62
                                        _____    _____
Return available to ordinary shareholders  82      307
                                         ====     ====

Dividend per ordinary share            0.10 p   0.50 p


CAPITAL
                                       ______   ______
Return available to ordinary           11,804  (43,756)
shareholders                            =====    =====

Revenue return per ordinary share      0.14 p    0.51  p
Capital return per ordinary share     19.52 p  (72.37) p
Total return per ordinary share       19.66 p  (71.86) p


At 30 September 1999

Total Net Assets (£'000)               34,641   22,860
Net Asset Value per Ordinary Share -   57.3 p   37.8 p
Undiluted
Net Asset Value per Ordinary Share -   57.5 p   37.8 p
Diluted

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 1998. These  accounts,  upon
which  the  auditors issued an unqualified opinion,  have
been delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED

2nd November  1999