Purchase of Own Securities

JPMorgan Fleming Claverhouse IT PLC
11 July 2003



                          STOCK EXCHANGE ANNOUNCEMENT


               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



JPMorgan Fleming Claverhouse Investment Trust plc announces that on the 10th of
July 2003 in the market they purchased for cancellation 10,000 ordinary shares
at 299.5p per share representing 0.01% of the ordinary shares in issue.



The current repurchase authority for 11,330,784 shares was approved by
shareholders on 25 April 2003. To date 548,500 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 75,040,458








11th July 2003



For further information, please contact:

Jonathan Latter

J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3408

Tom Harris

Cazenove Global Equities- Stockbrokers to the Company

020 7825 9850






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