Purchase of Own Securities

FLEMING OVERSEAS INVESTMENT TRUST PLC
28 October 1999
                            
                            
        THE FLEMING OVERSEAS INVESTMENT TRUST PLC
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The  Fleming Overseas Investment Trust plc announces that
today  in  the  market  they purchased  for  cancellation
35,000  ordinary shares at 475.22p per share representing
0.03% of the ordinary shares in issue.


The  number  of  shares repurchased to  date  now  totals
21,571,401.

The  current  repurchase authority for 16,931,744  shares
was  approved  by shareholders on 28 July 1999.  To  date
1,685,000   shares  have  been  repurchased  under   this
authority  which represents 1.49% of the ordinary  shares
in issue as at the date shareholder approval was granted.

The  remaining shares in issue following this  repurchase
is 111,268,599.


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