Purchase of Own Securities

Fleming Overseas Inv Trust PLC
23 June 2000


   REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Overseas Investment Trust plc announces
that today  in  the  market  they purchased  for
cancellation 300,000  ordinary shares at 613.5p per
share representing 1% of the ordinary shares in
issue.

The  number  of  shares repurchased to  date  now
totals 37,450,401.

The  current  repurchase authority for 16,751,864
shares was approved by shareholders on 26 October
1999.  To date 16,384,000  shares  have  been
repurchased  under   this authority which represents
15% of the ordinary shares  in issue as at the date
shareholder approval was granted.

The  remaining shares in issue following this
repurchase is 95,369,599.

For further information, please contact:

Linda Field (Company Secretary)
Fleming Investment Management Limited
020 7638 5858

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