Holding(s) in Company

Fleming Eur Fledgeling Inv Tst PLC
14 January 2002


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

THE FLEMING EUROPEAN FLEDGELING 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

N/A

6)   Percentage of issued class

N/A

7)   Number of shares/amount of stock disposed

500,000

8)   Percentage of issued class

0.85%

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

08 JANUARY 2002

11)  Date company informed

14 JANUARY 2002

12)  Total holding following this notification

1,395,972


13)  Total percentage holding of issued class following this notification

2.38%

14)  Any additional information



15)  Name of contact and telephone number for queries

SARA WALTHAM 020 7742 5531

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


JONATHAN LATTER

     Date of notification 14 JANUARY 2002