Final Results

Fleming Claverhouse Inv Trust PLC
17 February 2000

                                 

           THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC


The Company today announced its preliminary results for the year

ended 31st December 1999.


Net asset value per share increased by 22.6% to 533.5 pence
compared to an increase in the Company's benchmark,  the FTSE All-
Share Index, of 21.2% (Source: Datastream).

The Company's share price increased by 19.4% to 542.5 pence per
ordinary share

The fourth quarterly dividend of 2.20 pence per ordinary share,
which was announced on 25th January 2000, brought the total
dividend for the year to 7.30 pence, an increase of 4.29% over
1998.

The Company will hold its Annual General Meeting at The Chartered
Accountants' Hall, Moorgate Place, London EC2P 2BJ on Thursday 6th
April 2000 at 12.00 noon.


Fleming Investment Trust Management Limited - Secretary.

17th February 2000

  For further information contact:   Jonathan Latter  0171 638 5858.
                                               
                                 
                                 
            THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
      UNAUDITED FIGURES FOR THE YEAR ENDED 31ST DECEMBER 1999

                                            1999               1998

                                       £'000     £'000

REVENUE

Income

     Franked dividends                  7,335    5,514
     Foreign income dividends              42    1,107
     Scrip dividends                      366      580
     Deposit interest                      19       60
     Underwriting commission                5        -
     Stock lending fees (net)               6        1
                                        _____    _____
Gross Revenue                           7,773    7,262

Less Management fee                       767      585
     Other administrative expenses        248      475
     Interest payable                   1,035    1,059
                                       ______    _____
Return before Taxation                  5,723    5,143

Less Taxation                             733    1,112
                                        _____    _____
Return available to ordinary shareholders4,990   4,031
                                         ====     ====


                                       1999                        1998

                                       £'000     £'000

CAPITAL

     Movements on investments          64,574   30,673
     Less: Expenses charged to Capital  1,425    1,086
     Less: Interest charged to Capital  1,921    1,966
                                       ______   ______
Return before Taxation                 61,228   27,621

     Taxation                               5       11
                                       ______   ______
Return attributable to ordinary        61,233   27,632
shareholders                            =====    =====

Dividends per ordinary share             7.30 p   7.00 p
Cost of dividends per ordinary share    4,595    4,280
(£'000)
Revenue return per ordinary share      7.96 p   6.66 p
Capital return per ordinary share     97.72 p  45.68 p
Total return per ordinary share      105.68 p   52.34p


At 31 December 1999

Total Net Assets (£'000)              338,263  269,506
Net Asset Value per Ordinary Share    533.5 p  435.2 p



           THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
      UNAUDITED FIGURES FOR THE YEAR ENDED 31ST DECEMBER 1999
                                 
                                 
CASH FLOW STATEMENT
                                              1999           1998

                                       £'000     £'000


Net cash inflow from operating         4,167     3,377
activities
Net cash outflow from returns on 
on investments and servicing of finance 
finance                               (2,110)   (3,005)

Total tax (paid)/recovered              (165)      624

Net cash outflow from capital expenditure
  and financial investment            (4,141)  (10,215)

Total equity dividends paid           (4,841)   (4,090)

Net cash inflow from financing         7,129    13,290
                                        _____    _____
Increase/(decrease) in cash in the year   39       (19)
                                         ====     ====

The  above  financial  information does  not  constitute  statutory
accounts as defined in Section 240 of the Companies Act 1985.   The
comparative  financial  information  is  based  on  the   statutory
accounts  for  the year ended 31st December 1998.  These  accounts,
upon  which  the auditors issue an unqualified opinion,  have  been
delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED