Final Results

FLEMING MID CAP INVESTMENT TRUST PLC
3 September 1999


      THE FLEMING MID CAP INVESTMENT TRUST PLC
                          
      PRELIMINARY ANNOUNCEMENT OF FINAL RESULTS
                          
The Directors of The Fleming Mid Cap Investment
Trust plc today  announce the Company's results for
the year  ended 30th June 1999.

In  contrast with the strong performance for the
year  to 30th  June  1998  (both  absolute  and
relative  to  the benchmark), the year to 30th June
1999 saw a  decline  in net  asset  value per share
of 3.6%.  This compares  with the  Company's
benchmark, the FTSE  250  (ex-IT)  Index, which
increased by 6.6%. The fall in the Company's share
price  of  14.7% over the year resulted in  the
discount widening from  8.4% to 19.0%.

The Company's Chairman, Sir Richard Storey
commented:
   '  The  net asset value performance over  the
   year reflected  the dramatic swing in investor
   sentiment against  the quality, growth-oriented
   stocks  which served the portfolio so well in the
   previous  year. However,  the  Board is
   encouraged that  there  are signs  since  the
   year end  that  these  types  of stocks,  which
   have continued to form the  core  of the
   portfolio, are once again returning to  favour
   with  investors; this has resulted in a good
   start to the current financial year.'
   
The Directors have declared a final dividend  of
3.75p (1998:  3.75p) per share payable on 26th
October 1999  to shareholders on the register at the
close of business  on 24th  September 1999.
Together with the interim dividend of  1.55p  per
share  already  paid,  the  total  annual dividend
is maintained at 5.30p per share.
Fleming Investment Trust Management Limited -

Secretary 3rd September 1999

For further information, please contact:

Jonathan Latter
Fleming Investment Trust Management Limited
0171 638 5858



   THE FLEMING MID-CAP INVESTMENT TRUST PLC
   UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE
   1999
                                  1999          1998
                                 £'000        £'000
REVENUE

Income
Franked dividends                 3,338        3,121
Foreign income dividends            332          519
Scrip dividends                      87          305
Unfranked dividends                   5            7
Deposit interest                     33          218
Underwriting commissions             -            14
                                   _____       _____
Gross Revenue                     3,795        4,184

Less Management fee *               506          375
Other administrative expenses       180          216
Interest payable *                1,109        1,084
                                ______         _____
Return before Taxation            2,000        2,509

Less Taxation                       483          631
                                 ______        _____
Return available to ordinary
shareholders                      1,517        1,878
                                  =====        ====
* These expenses are charged 50% to capital and 50%
to revenue. The total management fee for the period
was £1,012k and the total interest charge was £2,218k.


CAPITAL

     Movements on investments    (3,316)     41,350
     Less: Expenses charged
     to Capital                   1,615       1,459
                               ______         _____
Return before Taxation           (4,931)     39,891

Taxation                              5          69
                                  ______       _____
Return available to ordinary
          shareholders             (4,926)    39,960
          
                                  =======   ========
Dividend payable per
ordinary share:
Interim                             1.55p      1.55p
Final                               3.75p      3.75p
                                    5.30p      5.30p

Cost of dividends payable (£'000)   2,120      2,120
Revenue return per ordinary share   3.79p      4.69p
Capital return per ordinary share (12.31)p    99.90p
Total return per ordinary share    (8.52)p   104.59p


At 30 June 1999

Total Net Assets (£'000)          147,170    152,699
Net Asset Value per Ordinary
Share                              367.9p     381.8p

The  above  financial  information  does  not
constitute statutory  accounts  as defined in
Section  240  of  the Companies    Act   1985.
The   comparative   financial information  is based
on the statutory accounts  for  the year ended 30th
June 1998. These accounts, upon which the auditors
issued  an  unqualified  opinion,  have   been
delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED
3rd September 1999