AGM Statement

JPMorgan Fleming Eur Fldglng IT PLC
22 July 2003



                            STOCK EXCHANGE ANNOUNCEMENT


                       JPMORGAN FLEMING EUROPEAN FLEDGELING
                               INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company which was held today, the
Board are pleased to announce that all the resolutions put to shareholders were
passed, including two special resolutions which:


a)   will allow the Company to allot relevant securities up to an aggregate 
     nominal amount of £681,456;



b)   will allow the Company to make market purchases of ordinary shares up to 
     a maximum number of 8,172,025 representing 14.99% of the Company's issued 
     ordinary share capital; and


22nd July 2003



For further information, please contact:



Hilary Lowe (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Ltd ....................020 7742 3274





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