Purchase of Own Securities

JP Morgan Fleming Indian IT PLC
27 March 2003



                          STOCK EXCHANGE ANNOUNCEMENT

                  JPMORGAN FLEMING INDIAN INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



JPMorgan Fleming Indian Investment Trust plc announces that, on 25th March 2003,
in the market they purchased for cancellation 150,000 ordinary shares at 55.50p
per share representing 0.22% of the ordinary shares in issue.



The current repurchase authority for 10,397,782 shares was approved by
shareholders on 29 January 2003.  The number of shares repurchased under the
current authority now totals 815,000.



The remaining shares in issue following this repurchase total 68,549,792.







27th March 2003



For further information, please contact:



Fraser Easton  (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Limited, 020 7742 3425



Tod Davis

Cazenove & Co - Stockbrokers to the Company

020 7214 7507








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