Purchase of Own Securities

FLEMING EUROPEAN FLEDGLING INVESTMENT TRUST PLC
16 August 1999


                              
    THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC
                              
       REPURCHASE OF ORDINARY SHARES FOR CANCELLATION
                              
                              
The Fleming European Fledgeling Investment Trust  plc
announces that yesterday in the market they purchased for
cancellation 200,000 ordinary shares at 177.0p per  share
representing 0.32% of the ordinary shares in issue.



The number of shares repurchased to date now totals 951,303
representing 1.52% of the ordinary shares in issue  at  the
time of commencement of the repurchase programme.

The remaining shares in issue following this notification is
61,591,517

16th August 1999

For further information, please contact:

Jonathan Latter  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited.
0171 880 3459

Peter Walls
Credit Lyonnais Securities - Stockbrokers to the Company...
0171 214 5575