Purchase of Own Securities

FLEMING EMERGING MARKETS INVESTMET TRUST PLC
7 October 1999
                            
                            
    THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The   Fleming  Emerging  Markets  Investment  Trust   plc
announces  that  today in the market they  purchased  for
cancellation 500,000 ordinary shares at 108.0p per  share
representing 0.53% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
3,705,000  representing 3.82% of the ordinary  shares  in
issue  at  the  time  of commencement of  the  repurchase
programme.

The remaining shares in issue following this notification
is 93,149,218.

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

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