Portfolio Breakdown

FLEMING CHINESE INVESTMENT TRUST PLC



                        PORTFOLIO BREAKDOWN


As at: From 28/09/99 to 04/10/99

1.  NET ASSET VALUE                      £34,695,716

    NAV per ordinary share                     57.41
    % change since last annual report          51.8%
                                                                         55.9%

2.  YEAR-TO-DATE      Year-End Assets    £22,860,202          Year-to-Date    
    TURNOVER          Total Purchases    £32,088,660          Turnover: 144.43%
    (Since 01 Oct 98) Total Sales        £33,946,575

3.  GEOGRAPHICAL % SPLIT                                       Limit
                                                               Allowed
    Hong Kong                                   56.14%

    China:      H shares       2.10%
                B shares       0.00%
                Others         0.00%
                               _____ 
                                                 2.10%

    Other areas:

                Taiwan        44.37%          
                              ______            44.37%

  
4.  LIQUIDITY               -902,020             4.58%         up to 5% OD

                                                       107.19%
                                                       _______
5.  MAXIMUM INVESTMENT LIMIT

                               % of Fund

    (i)   At time of investment   1.12%     (Winbond Electronic)    10.0%
    (ii)  Growth due to market    9.83%     (HSBC Holdings)         12.5%
    (iii) Group or associated
            companies            12.37%     (HSBC Holdings & Hang
                                               Seng Bank)           15.0%

6.  UNQUOTED SECURITIES HELD

    Stock Name                 Value
                                                                    Up to 10% of
                                   0                                Co's assets


7.  DERIVATIVES HELD                         Single Co
                                             Limited Allowed    Limit
                                                                Exceeded
 
    Stock Name                 Value
                                             0.5% Co's assets
                                                                 N

                                                                    Up to 5% of
                                   0                                Co's assets


                                             Single Co
8.  FUTURE POSITIONS                         Limited Allowed    Limit
                                                                Exceeded
                                   
                                             Short Posn - 15%
                                             Long Posn  - 30%


9.  DISCOUNT            27th Sept   28st Sept  29nd Sept   30rd Sept   01st Oct

                          23.45       23.35     24.44        24.3       24.23