AGM Statement

Fleming Indian Investment Trust PLC
30 January 2002

                         STOCK EXCHANGE ANNOUNCEMENT

                    THE FLEMING INDIAN INVESTMENT TRUST PLC

Following the Annual General Meeting of the Company which was held today, the
Board are pleased to announce that all the resolutions put to shareholders were
passed, including two special resolutions which will allow the Company to make
market purchases of ordinary shares up to a maximum number of 11,796,349
representing 14.99% of the Company's issued ordinary share capital and change
the Company's name to 'JPMorgan Fleming Indian Investment Trust plc'.

The change of the Company name will become effective on the issue of the
certificate of incorporation on change of name by the Registrar of Companies and
a further announcement will follow in this respect.

30th January 2002

For further information, please contact:

Fraser Easton (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Ltd .................... 020 7742 6000



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