Investment Policy Announcemnt

JP Morgan Flem Chinese Inv Tst PLC
16 October 2003

                           STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING CHINESE INVESTMENT TRUST PLC

                        ANNOUNCEMENT OF INVESTMENT POLICY

Following the publication by The Financial Services Authority of the Investment
Entities (Listing Rules and Conduct of Business) Instrument 2003, the Board of
JPMorgan Fleming Chinese Investment Trust plc (the 'Company') notes and
announces that it is the Company's policy to invest no more than 15% of its
gross assets in other listed investment companies (including listed investment
trusts).

16 October 2003


J.P. Morgan Fleming Asset Management (UK) Limited - Secretary

For further information, please contact:

Hilary Lowe.......................................... 020 7742 3274


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