Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
08 August 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 31,292 ordinary shares at 418.05 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 1,075,292 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 65,008,466.


8th August 2005


For further information, please contact:

Hilary Lowe
JPMorgan Asset Management (UK) Limited, 020 7742 6000

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




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