Purchase of Own Securities

Fleming Overseas Inv Trust PLC
28 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
25,000  ordinary shares at 557.0p per share  representing
0.02% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
32,896,401.

The  current  repurchase authority for 16,751,864  shares
was approved by shareholders on 26 October 1999.  To date
11,810,000  shares  have  been  repurchased  under   this
authority which represents 10.57% of the ordinary  shares
in issue as at the date shareholder approval was granted.

The  remaining shares in issue following this  repurchase
is 99,943,599.

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