Purchase of Own Securities

Fleming Indian Investment Trust PLC
31 January 2000


       THE FLEMING INDIAN INVESTMENT TRUST PLC
                          
   REPURCHASE OF ORDINARY SHARES FOR CANCELLATION
                          
The  Fleming  Indian Investment Trust plc announces
that today in the market it purchased for
cancellation 400,000 ordinary shares at 90.5p per
share representing 0.49%  of the ordinary shares in
issue.

The  number  of  shares repurchased to  date  now
totals 10,625,000.

The  current  repurchase  authority  for  12,292,008
was approved  by shareholders on 26th January 2000.
To  date 400,000  shares  have  been repurchased
under  this  new authority  which represents 0.49%
of the ordinary  shares in issue at the date
shareholder approval was granted.

The remaining shares in issue following this
announcement is 81,601,392
31st January 2000

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