Purchase of Own Securities

FLEMING INDIAN INVESTMENT TRUST PLC
16 September 1999
                           
                            
         THE FLEMING INDIAN INVESTMENT TRUST PLC
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The  Fleming  Indian Investment Trust plc announces  that
today  in  the  market  they purchased  for  cancellation
175,000  ordinary shares at 60.5p per share  representing
0.20% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
8,275,000  representing 8.97% of the ordinary  shares  in
issue  at  the  time  of commencement of  the  repurchase
programme.

The remaining shares in issue following this announcement
is 83,951,392


For further information, please contact:

L.E Field  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming     Investment    Trust    Management     Limited
0171 880 3426

Michael Findlay
Merrill Lynch International - Stockbrokers to the
Company....0171 772 2285