Purchase of Own Securities

JPMorgan Fleming Claverhouse IT PLC
08 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 7th
October 2003 in the market they purchased for cancellation 35,000 ordinary
shares at 313p per share representing 0.05% 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 840,500 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 74,748,458.


8th October 2003

For further information, please contact:

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

Tod Davis
Cazenove Global Equities- Stockbrokers to the Company
0207 155 8121



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