Final Results

Fleming Indian Investment Trust PLC
11 December 2001



                   The Fleming Indian Investment Trust plc


London, 11th December 2001

Unaudited results - year to 30th September 2001


The Directors have today announced the unaudited final results for the year to
30th September 2001.

The unaudited net asset value (NAV) per share as at 30th September 2001 was
62.8p per share, compared with an NAV of 103.4p as at 30th September 2000.
This represents a decrease in net asset value of 39.3%.  This was slightly
behind the performance of the Company's benchmark, the Bombay Stock Exchange
National 100 Index in sterling terms, which fell by 38.8% over the same
period.

As has been the practice in previous years, no dividend has been declared.


Fraser Easton............................................... 020 7742 3425
For and on behalf of
JP Morgan Fleming Asset Management (UK) Limited




                     THE FLEMING INDIAN INVESTMENT TRUST PLC

      UNAUDITED CONSOLIDATED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 2001


                                                               2001        2000
                                                              £'000       £'000
REVENUE


Income

Overseas dividends                                              826         876
Overseas interest                                                58         159
Deposit interest                                                115         163
                                                            _______     _______
Gross Revenue                                                   999       1,198

Less:
Management fee                                                  830       1,121
Other administrative expenses                                   531         569
Interest payable                                                 60         416
                                                            _______     _______
Return before Taxation                                        (422)       (908)

Less:  Taxation                                                   1           -
                                                            _______     _______
Return available to ordinary shareholders                     (423)       (908)
                                                              =====       =====

                                                               2001        2000
CAPITAL


                                                            _______     _______
Return attributable to ordinary shareholders               (31,694)      15,808
                                                              =====       =====

Revenue return per ordinary share                           (0.54)p     (1.12)p
Capital return per ordinary share                          (40.09)p     19.52 p
Total return per ordinary share                            (40.63)p     18.40 p
                                                              =====       =====




                      THE FLEMING INDIAN INVESTMENT TRUST PLC

      UNAUDITED CONSOLIDATED FIGURES FOR THE YEAR ENDED 30th SEPTEMBER 2001


BALANCE SHEET
                                                                   2001    2000
                                                                  £'000   £'000

Investments at valuation                                         51,554  73,925


Debtors                                                           1,266   1,407

Cash and short-term deposits                                        150   8,956

Creditors: amounts falling due within one year                  (3,518) (2,432)
                                                                _______ _______
Total net assets                                                 49,452  81,856
                                                                  =====   =====
Undiluted net asset value per ordinary share                     62.84p 103.43p


CASH FLOW STATEMENT
                                                                   2001    2000
                                                                  £'000   £'000

Net cash outflow from operating activities                        (142)   (414)

Net cash outflow from servicing of finance                         (97)   (378)

Total taxation recovered                                              -      28

Net cash (outflow)/inflow from capital expenditure and          (9,145)  14,122
financial investment

Net cash inflow/(outflow) from financing                            614 (6,845)
                                                                _______  ______
(Decrease)/Increase in cash for the year                        (8,770)   6,513
                                                                  =====    ====


The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985.  The comparative financial
information is based on the statutory accounts for the year ended 30th
September 2000.  These accounts, upon which the auditors issued an unqualified
opinion, have been delivered to the Registrar of Companies.


JP MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED
11th December 2001