Final Results

Fleming Mid Cap Inv Tst PLC
6 September 2000


       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 2000.

In  the year to 30th June 2000, the Company's net asset
value  per  share increased by 29.5% to  476.4p.   This
compares  very  favourably with an increase   over  the
same  period  of 12.1% in the Company's benchmark,  the
FTSE  250  Index (ex-Investment Trusts). The  Company's
share  price  rose by 27.0% during the year,  with  the
discount to net asset value 20.5% at the year end.

During  the  year, the Company repurchased a  total  of
1,275,000  shares  in the market for  cancellation  and
shareholders  will be requested to renew the  Company's
authority to repurchase shares at the forthcoming AGM.

The  Directors  are  recommending a final  dividend  of
4.45p  (1999: 3.75p) per share payable on 24th  October
2000  to  shareholders on the register at the close  of
business  on  22nd September 2000.  Together  with  the
interim  dividend  of  1.55p already  paid,  this  will
produce   a  total  annual  dividend  of  6.00p.   This
represents  an  increase of 13.2% on the previous  year
and  reflects the Board's decision to adopt a  residual
dividend  policy  for the current and future  financial
years.


Chase Fleming Asset Management (UK) Limited - Secretary

6th September 2000

For further information, please contact:

Jonathan Latter
Chase Fleming Asset Management (UK) Limited
020 7638 5858



       THE FLEMING MID CAP INVESTMENT TRUST PLC
  UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE 2000

                                       2000       1999
                                       £'000     £'000
REVENUE

Income

     Franked dividends                  4,274    2,860
     Foreign income dividends               -      332
     Scrip dividends                       83       87
     Unfranked dividends                    -        5
     Deposit interest                      66       33
     Underwriting commission               14        -
                                        _____    _____
Gross Revenue                           4,437    3,317

Less Management fee *                     454      506
     Other administrative expenses        361      180
     Interest payable *                   877    1,109
                                       ______    _____
Return before Taxation                  2,745    1,522

Less Taxation                              15        5
                                       ______    _____
Return available to
ordinary shareholders                   2,730    1,517
                                        =====     ====

* These expenses are charged 70% to capital and 30% to
revenue. The total management fee for the period was
£1,513k and the total interest charge was £2,926k.


CAPITAL

     Movements on investments          44,483  (3,316)
     Less: Expenses charged to Capital  3,108    1,615
                                       ______    _____
Return before Taxation                 41,375  (4,931)

     Taxation                              15        5
                                       ______    _____
Return available to
ordinary shareholders                  41,390  (4,926)
                                        =====    =====
Dividend payable per ordinary share:
Interim                                1.55 p  1.55 p
Final                                  4.45 p   3.75 p
                                       6.00 p   5.30 p

Cost of dividends payable (£'000)       2,333    2,120

Revenue return per ordinary share      6.91 p   3.79 p
Capital return per ordinary share    104.71 p(12.31) p
Total return per ordinary share      111.62 p (8.52) p


At 30 June 2000

Total Net Assets (£'000)              184,497  147,170
Net Asset Value per Ordinary Share    476.4 p  367.9 p

                           
                           
       THE FLEMING MID CAP INVESTMENT TRUST PLC
  UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE 2000
                           
                           
CASH FLOW STATEMENT
                                       2000       1999

                                       £'000     £'000


Net cash inflow from operating
activities                              2,483    2,247

Net cash outflow from returns on
investments and servicing of finance  (2,576)  (2,220)

Total tax recovered                      -          76

Net cash inflow/(outflow) from capital
expenditure and financial investment  3,521    (2,971)

Total equity dividends paid on
ordinary shares                       (2,110)  (2,120)

Net cash inflow from financing          1,390    4,542
                                        _____    _____
Increase/(decrease) in cash
for the year                            2,708    (446)
                                        =====    =====



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 1999. These accounts, upon  which
the  auditors issued an unqualified opinion, have  been
delivered to the Registrar of Companies.


CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED