Final Results

Fleming Mid Cap Inv Tst PLC
1 March 2001


                      LONDON STOCK EXCHANGE ANNOUNCEMENT

                   THE FLEMING MID CAP INVESTMENT TRUST PLC

                 PRELIMINARY ANNOUNCEMENT OF INTERIM RESULTS


The Directors of The Fleming Mid Cap Investment Trust plc today announce the
Company's results for the six months ended 31st December 2000.


In the six months to 31st December 2000, the Company's net asset value per
share decreased by 2.8% to 463.2p.  This compares with a decrease over the
same period of 0.3% in the Company's benchmark, the FTSE 250 Index
(ex-Investment Trusts). The Company's share price rose by 11.9% during the
period, with the discount to net asset value narrowing to 8.6%.


During the period, the Company repurchased a total of 150,000 shares in the
market for cancellation.


The Directors have declared an interim dividend of 2.0p (1999: 1.55p) per
share payable on 2nd April 2001 to shareholders on the register at the close
of business on 9th March 2001.  It is the Board's intention to at least
maintain the total annual dividend of 6.00p per share for the current
financial year.


Chase Fleming Asset Management (UK) Limited - Secretary

1st March 2001

For further information, please contact:

Jonathan Latter

Chase Fleming Asset Management (UK) Limited          020 7742 6000



                   THE FLEMING MID-CAP INVESTMENT TRUST PLC

         UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31ST DECEMBER 2000

                                                                  2000     1999
                                                                 £'000    £'000


Revenue

Income

                      Franked dividends                          1,701    1,595
                      Scrip dividends                               35       36
                      Deposit interest                              91       43
                      Underwriting commission                       18        3

Gross Revenue                                                    1,845    1,677


Less                  Management fee                               265      205
                      Other administrative expense                 125      169
                      Interest payable                             443      408

Return before Taxation                                           1,012      895


Less                  Taxation                                      22        9

Return available to ordinary shareholders                          990      886

                                                                ======   ======

                                                                  2000     1999
                                                                 £'000    £'000

CAPITAL
                      Movement on investments                  (3,835)   30,566
                      Less: Expenses charged to Capital            618      479
                      Less: Finance costs charged to             1,033      952
                      Capital

Return before Taxation                                         (5,486)   29,135

                      Taxation                                      22        9

Return attributable to ordinary shareholders                   (5,464)   29,144
                                                                ======   ======


Dividends per ordinary share                                     2.00p    1.55p
Cost of dividends £'000                                            765      611


Revenue return per ordinary share                               2.57 p   2.23 p
Capital return per ordinary share                            (22.60) p  73.21 p
Total return per ordinary share                              (18.13) p  75.44 p


                   THE FLEMING MID-CAP INVESTMENT TRUST PLC

         UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31ST DECEMBER 2000


BALANCE SHEET

                                                                  2000     1999
                                                                 £'000    £'000


Investment at valuation                                        214,056  201,084


Net current (liabilities)/assets                               (4,484)    4,629


Creditors : amounts falling due after more than one year      (30,910) (30,905)

Total net assets                                               178,662  174,808

                                                                ======   ======


Net asset value per ordinary share                             463.2 p  443.3 p


CASH FLOW STATEMENT
                                                                  2000     1999
                                                                 £'000    £'000


Net cash inflow from operating activities                        1,090    1,020


Net cash outflow from returns on investments
and servicing of finance
                                                               (1,482)  (1,066)


Net cash (outflow)/inflow from capital
expenditure and financial investment
                                                               (2,932)    3,403


Total equity dividends paid                                    (1,717)  (1,500)


Net cash (outflow)/inflow from financing                         (987)    3,678

(Decrease)/increase in cash in the period                      (6,028)    5,535

                                                                ======   ======


The above financial information does not constitute statutory accounts as
defined on Section 240 of the Companies Act 1985.  Statutory accounts for the
year ended 30th June 2000 have been delivered to the Registrar of Companies.


CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED

1st March 2001