Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
20 February 2007



                          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 22,000 ordinary shares at 566.81 pence
per share representing 0.04% 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 2,208,590 shares have been repurchased
under this authority.


The remaining shares in issue following this repurchase total 60,732,545.



20th February 2007


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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