Purchase of Own Securities

Fleming Overseas Inv Trust PLC
19 May 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
2,451,000   ordinary   shares   at   602.0p   per   share
representing 2.5% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
37,150,401.

The  current  repurchase authority for 16,751,864  shares
was approved by shareholders on 26 October 1999.  To date
16,084,000  shares  have  been  repurchased  under   this
authority which represents 14.39% of the ordinary  shares
in issue as at the date shareholder approval was granted.

The  remaining shares in issue following this  repurchase
is 95,669,599.


For further information, please contact:

Linda Field  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited
020 7638 5858

Tom Durie
HSBC Securities - Stockbrokers to the Company
020 7336 2004