Purchase of Own Securities

FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
14 July 1999


                            
                            
    THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
                            
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The   Fleming  Emerging  Markets  Investment  Trust   plc
announces that yesterday in the market they purchased for
cancellation 100,000 ordinary shares at 129.0p per  share
representing 0.10% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
2,090,000  representing 2.15% of the ordinary  shares  in
issue  at  the  time  of commencement of  the  repurchase
programme.

The remaining shares in issue following this notification
is 94,764,218.


L.E. Field
For and on behalf of
Fleming Investment Trust Management Limited - Secretary

14th July 1999

For further information, please contact:

Linda Field
Fleming     Investment    Trust    Management     Limited
............................   0171 638 5858

George Kershaw
Credit Suisse First Boston - Stockbrokers to the
Company..... 0171 888 0017