Sector/Geographical Breakdown

Fleming Eur Fledgeling Inv Tst PLC
12 March 2002




       SECTOR/GEOGRAPHIC BREAKDOWN BY % AND TEN
         LARGEST INVESTMENTS, February 2002



THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST plc

                                                                                      %
BY SECTOR

Financials                                                                          18.9
Cyclical Services                                                                   17.5
General Industrials                                                                 19.0
Non Cyclical Consumer Goods                                                         13.5
Information Technology                                                               3.5
Cyclical Consumer Goods                                                              4.7
Basic Industries                                                                    10.0
Assets/Liabilities                                                                   7.5
Non Cyclical Services                                                                4.4
Utilities                                                                              -
Resources                                                                            1.0

Total                                                                                100


BY TERRITORY                                                                          %

France                                                                              10.0
Sweden                                                                               9.8
Germany                                                                             10.6
European Funds                                                                       7.1
Italy                                                                               10.9
Switzerland                                                                          8.1
Holland                                                                              7.2
Spain                                                                                3.7
Eire                                                                                 3.9
Assets/Liabilities                                                                   7.5
Denmark                                                                              5.6
Finland                                                                              7.5
Norway                                                                               3.8
Belgium                                                                              2.8

Other                                                                                1.5

Total                                                                                100


TEN LARGEST INVESTMENTS

Fleming Frontier Euro Discovery Fund                                                 7.1
Credito Emil                                                                         2.1
Coloplast                                                                            1.8
Club Mediterranee                                                                    1.6
Bank Sarasin                                                                         1.6
Kuoni Reisen                                                                         1.5
Rhoen Klinikum                                                                       1.3
V Der Mool                                                                           1.3
DCC                                                                                  1.3
AX Food                                                                              1.2

Total                                                                               20.9


                      This information is provided by RNS
            The company news service from the London Stock Exchange