Dividend Declaration

Fleming Claverhouse Inv Trust PLC
22 July 2002



                  The Fleming Claverhouse Investment Trust plc



Second quarterly interim dividend


The Directors have declared that a second quarterly interim dividend of 2.30
pence per share for the year ending 31st December 2002 will be paid on 2nd
September 2002 to shareholders on the register at close of business on 2nd
August 2002.



For further information:

Jonathan Latter

J.P. Morgan Fleming Asset Management (UK) Limited               020 7742 6000

22nd July 2002




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