Director Shareholding

JPMorgan Fleming Claverhouse IT PLC
12 March 2004



                          STOCK EXCHANGE ANNOUNCEMENT



                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)     Name of company

JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC

2)  Name of director

JOHN REDWOOD

3)  Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

SPOUSE

4)  Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

COLSTEW NOMINEES LIMITED

5)  Please state whether notification relates to a person(s) connected with the
Director named in 2 above and identify the connected person(s)

SPOUSE

6)  Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

REINVESTMENT OF DIVIDEND THROUGH PENSION PLAN

7)  Number of shares/amount of stock acquired

15 SHARES

8)  Percentage of issued class

0.00002%

9)  Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

ORDINARY SHARES OF 25p

12) Price per share

354p

13) Date of transaction

8th MARCH 2004

14) Date company informed

11th MARCH 2004

15) Total holding following this notification

8,594 SHARES

16) Total percentage holding of issued class following this notification

0.012%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number

N/A

21) Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held following this
notification

N/A

23) Any additional information

N/A

24) Name of contact and telephone number for queries

JONATHAN LATTER 020 7742 3408

25) Name of authorised company official responsible for making this notification

JENNIFER PALMER 020 7742 3458



26) Date of notification



12th MARCH 2004






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