Purchase of Own Securities

Fleming Overseas Inv Trust PLC
14 February 2000


        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
220,000  ordinary  shares at 567p per share  representing
0.21% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
26,311,401.

The  current  repurchase authority for 16,751,864  shares
was approved by shareholders on 26 October 1999.  To date
5,225,000   shares  have  been  repurchased  under   this
authority  which represents 4.68% of the ordinary  shares
in issue as at the date shareholder approval was granted.

The  remaining shares in issue following this  repurchase
is 106,528,599.

For further information, please contact:

Linda Field  (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