Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
18 May 2006



                          STOCK EXCHANGE ANNOUNCEMENT


               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




JPMorgan Fleming Claverhouse Investment Trust plc announces that today in the
market they purchased for cancellation 60,900 ordinary shares at 473.31 pence
per share representing 0.10% of the ordinary shares in issue.



The current repurchase authority for 9,434,876 shares was approved by
shareholders on 27th April 2006.  To date 468,900 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 62,472,235.





18th May 2006



For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Shamus Henderson
Cazenove Global Equities- Stockbrokers to the Company
0207 155 8122




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