Holding in Company

Fleming Eur Fledgeling Inv Tst PLC
25 October 2001

 
                                SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)            Name of company


The Fleming European Fledgling Investment Trust plc

2)   Name of shareholder having a major interest

BNP Paribas Arbitrage SNC


3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is
    a holding of that person's spouse or children under the age of 18

BNP Paribas Arbitrage SNC

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

BNP Paribas Arbitrage SNC

5)   Number of shares/amount of stock acquired

500,000

6)   Percentage of issued class
0.85%


7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security


Ordinary shares


10)  Date of transaction

17th October 2001

11)  Date company informed

25th October 2001

12)  Total holding following this notification

1,945,972


13)  Total percentage holding of issued class following this notification


3.29%


14)  Any additional information



15)  Name of contact and telephone number for queries

Sara Waltham 0207 742 5531

16)  Name and signature of authorised company official responsible for
     making this notification

     Date of notification 25th October 2001