Interim Results

Fleming Indian Investment Trust PLC
21 June 2001


                   THE FLEMING INDIAN INVESTMENT TRUST PLC

                         STOCK EXCHANGE ANNOUNCEMENT

                     HALF YEARLY RESULTS TO 31 MARCH 2001


London, 21st June 2001


The Board of the Company have today announced the unaudited interim results
for the six months to 31st March 2001.



Over the period the net asset value per share fell by 19.2% to 83.59p, which
compares with a fall of 16.3% in the benchmark, the Bombay Stock Exchange
National 100 Share Index.



The ordinary share price fell by 17.6% as the discount at which the Company's
shares trade to the net asset value narrowed from 23.1% to 21.6%.



As per previous years, no interim dividend has been declared.


For and on behalf of

The Fleming Indian Investment Trust plc

JP Morgan Fleming Asset Management (UK) Limited - Secretary



For further information:

Fraser Easton ............................................... 020 7742 6000



                    THE FLEMING INDIAN INVESTMENT TRUST PLC

           UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31  MARCH 2001


                                                          Half   Half Full year
                                                          year   year        30
                                                            31     31 September
                                                         March  March
                                                          2001   2000      2000

                                                         £'000  £'000     £'000
REVENUE

Income

           Overseas dividends                               95    195       876
           Overseas interest                                 -     27       159
           Deposit interest                                 69     57       163
                                                          ____  _____     _____

Gross Revenue                                              164    279     1,198


Less       Management Fee                                (475)  (545)   (1,121)
           Other administrative expenses                 (190)  (284)     (569)
           Interest payable                               (87)  (226)     (416)
                                                         _____  _____     _____

Return before taxation                                   (588)  (776)     (908)


Less       Taxation                                          -      1         -
                                                         _____  _____     _____

Return after taxation                                    (588)  (775)     (908)

                                                        ====== ======     ======


                                                          Half   Half Full year
                                                          year   year        30
                                                            31     31 September
                                                         March  March
                                                          2001   2000      2000

                                                         £'000  £'000     £'000
CAPITAL

Return attributable to ordinary shareholders          (15,122) 51,856    15,808
                                                        ====== ======    ======


Dividends per ordinary share                               nil    nil       Nil


Revenue return per ordinary share                      (0.74)p (0.95)p  (1.12)p
                                                        
Capital return per ordinary share                     (19.11)p  63.34p   19.52p
                                                           
Total return per ordinary share                       (19.85)p  62.39p   18.40p
                                                             






                    THE FLEMING INDIAN INVESTMENT TRUST PLC

           UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31  MARCH 2001


BALANCE SHEET                                             Half    Half Full year
                                                          year    year        30
                                                            31      31 September
                                                         March   March
                                                          2001    2000      2000

                                                         £'000   £'000     £'000


Investment at valuation                                 59,957 124,450    73,925


Net current assets/(liabilities)                         6,200 (4,162)     7,931


                                                       _______ _______   _______

Total net assets                                        66,157 120,288    81,856

                                                        ====== ======    ======
Net asset value per share                               83.59p 147.40p   103.43p
                                                            

CASH FLOW STATEMENT                                       Half   Half Full year
                                                          year   year        30
                                                            31     31 September
                                                         March  March
                                                          2001   2000      2000

                                                         £'000  £'000     £'000


Net cash outflow from operating activities               (353)  (516)     (414)


Net cash outflow from returns on investments and         (123)  (224)     (378)
servicing of finance


Total tax recovered                                          -      -        28


Net cash (outflow)/inflow from capital expenditure and (1,575) (1,700)   14,122
financial investment


Net cash inflow/(outflow) from financing                   718  1,452   (6,845)
                                                        ______ _______   _______

(Decrease)/increase in cash in the period              (1,333)  (988)     6,513

                                                        ====== ======    ======




The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985.  Statutory accounts for the
year ended 30 September 2000 have been delivered to the Registrar of
Companies.


JP MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED


21st  June 2001