Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
08 July 2005



                         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 34,000 ordinary shares at 411 pence per
share representing 0.05% of the ordinary shares in issue.

The current repurchase authority for 9,905,955 shares was approved by
shareholders on 19th April 2005.  To date 724,000 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 65,359,758.


8th July 2005

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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