Interim Results

FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
20 August 1999

Unaudited results for the six months ended 30th June
1999


The Directors of the Fleming Claverhouse Investment
Trust plc  today  announce the Company's results
for  the  six months ended 30th June 1999.

In  the six months since the end of the financial
year on 31st  December  1998, the Company's net
asset  value  per share  increased  by 5.6% to 459.7
pence  and  the  share price by 4.4% to 474.5 pence.
These results compare with an increase of 10.2% in
the Company's benchmark, the FTSE All-Share Index

The  revenue  available  for  ordinary  shareholders
was £2,971,000,  an  increase of 36% on the revenue
for  the same  period  last  year.   The  Directors
have  already declared  a  second interim dividend
of  1.70  pence  per ordinary  share  (1998: 1.45p).
This is  payable  on  1st September 1999 to holders
on the register at the close of business on 6th
August 1999.

For further information, please contact:

Jonathan Latter
Fleming Investment Trust Management Limited
0171 638 5858

THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE HALF YEAR ENDED 30TH JUNE
1999


                               1999             1998
                               £'000           £'000
REVENUE

Income

Franked dividends               4,170          2,878
Foreign income dividends           41            670
Scrip dividends                   196            225
Deposit interest                    8              4
Stock lending fees                  3              -
                                  _____        _____
Gross Revenue                   4,418          3,777

Less Management fee               357            274
Other administrative expenses     155            198
Interest payable                  522            540
                                 ______        _____
Return before Taxation          3,384          2,765
Less Taxation                     414            576
                                 _____         _____
Return available to ordinary
shareholders                    2,970          2,189
                                =====          ====

CAPITAL

Income
Movements on investments       15,824        42,636
Less: Expenses charged to
Capital                         1,634         1,512
                               ______         ______
Return before Taxation         14,190        41,124

Taxation                            2             1
                               ______         _____
Return available to ordinary
shareholders                   14,192        41,125
                                        
                               =====          ======
                                        
Dividends per ordinary share    3.40p         2.90p

Revenue return per ordinary
share                           4.76p         3.64p
Capital return per ordinary
share                          22.73p        68.34p
Total return per ordinary
share                          27.49p        71.98p

At 30 June 1999
Total Net Assets (£'000)      288,470       277,739
Net Asset Value per
Ordinary Share                 459.7p        459.0p

The  above  financial  information  does  not
constitute statutory  accounts  as defined in
Section  240  of  the Companies  Act  1985.
Statutory accounts  for  the  year ended  31st
December  1998 have been  delivered  to  the
Registrar of Companies.