Purchase of Own Securities

FLEMING INDIAN INVESTMENT TRUST PLC
2 August 1999


REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Indian Investment Trust plc announces
that today in the market they purchased for
cancellation 1,450,000 ordinary shares at 57.25p
per share representing 1.66% of the ordinary shares
in issue.

The number of shares repurchased to date  now
totals 6,200,000 representing 6.72% of the ordinary
shares in issue at the time of commencement of the
repurchase programme.

The remaining shares in issue following this 
announcement is 86,026,392

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