Purchase of Own Securities

FLEMING OVERSEAS INVESTMENT TRUST PLC
9 September 1999


                          
  REPURCHASE OF ORDINARY SHARES FOR CANCELLATION
                          
The  Fleming Overseas Investment Trust plc announces
that today  in  the  market  they purchased  for
cancellation 400,000  ordinary  shares at 497p per
share  representing 0.36% of the ordinary shares in
issue.

The  number  of  shares repurchased to  date  now
totals 20,911,401.

The  current  repurchase authority for 16,931,744
shares was  approved  by shareholders on 28 July
1999.  To  date 1,025,000   shares  have  been
repurchased  under   this authority  which
represents 0.91% of the ordinary  shares in issue as
at the date shareholder approval was granted.

The  remaining shares in issue following this
repurchase is 111,928,599.

For further information, please contact:

Liz Hayman  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming     Investment    Trust    Management
Limited                                 0171 638 5858

Tom Durie
HSBC Securities - Stockbrokers to the
Company                                 0171 336 2004