Debenture Stock 2008

JPMorgan Fleming Claverhouse IT PLC
17 August 2004


17 August 2004
For immediate release


JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
£15,000,000 11 per cent. debenture stock 2008
Early repayment

Further to the announcement yesterday, the repayment price has been calculated
as £119.90 per £100 nominal.  Cheques for this and accrued interest will be
posted on 19 August 2004.

Further information:

JPMorgan Fleming Claverhouse Investment Trust plc:
   Robert Peel, 020 7742 3422

Cazenove:
   Francis Burkitt/Paul Reynolds, 020 7155 8855

This announcement has been approved for the purposes of section 21 of the
Financial Services and Markets Act 2000 by Cazenove & Co. Ltd, which is
regulated by the Financial Services Authority.



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