Directorate Change

JPMorgan Fleming Claverhouse IT PLC
12 March 2004

                      LONDON STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC


New Director

The Board of JPMorgan Fleming Claverhouse Investment Trust plc is pleased to
announce the appointment of Mrs Virginia Holmes as a non-executive Director with
immediate effect.

Mrs Holmes was, until 2002, Chief Executive of AXA Investment Managers in the
UK, having previously been global head of strategic development and has held
senior positions with Barclays Bank Group in the UK and overseas.

Any further details requiring disclosure under paragraph 16.4 of the FSA listing
Rules will be made within fourteen days.

12th March 2004

For further information, please contact:

Jonathan Latter
JPMorgan Fleming Asset Management         020 7742 6000


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