Purchase of Own Securities

JPMorgan Fleming Claverhouse IT PLC
2 October 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 30th
September 2003 in the market they purchased for cancellation 65,000 ordinary
shares at 308p per share representing 0.09% of the ordinary shares in issue.

The current repurchase authority for 11,330,784 shares was approved by
shareholders on 25th April 2003. To date 805,500 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 74,783,458.


2nd October 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
0207 155 8122


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