Interim Results - 6 Months to 31 December 1999

Fleming Mid Cap Inv Tst PLC
1 March 2000

      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
six months ended 31st December 1999.

In the six months to 31st December 1999 the
Company's net asset  value per share increased by
20.5%,  which  was  a strong  out-performance of the
Company's  benchmark,  the FTSE 250 (ex-Investment
Trusts) Index, which increased by 9.1%  in the same
period. The Company's share price  rose by  21.5%
during  the period, with the discount  to  net asset
value narrowing from 19.0% to 18.3%.

The  Directors have declared an interim dividend of
1.55p (1998:  1.55p)  per share payable on 3rd
April  2000  to shareholders on the register at the
close of business  on 17th March 2000.

Fleming Investment Trust Management Limited -
Secretary
1st March 2000

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 HALF YEAR ENDED
31ST DECEMBER 1999
                          


                            1999          1998
                           £'000         £'000

REVENUE

Income

Franked dividends            1,772        1,332
Foreign income dividends        -           232
Overseas dividends              -             5
Scrip dividends                 36           59
Deposit interest                43           23
Underwriting commissions         3           -
                              _____       _____
Gross Revenue                 1,854       1,651

Less Management fee             205         197
Other administrative expenses   169          95
Interest payable                408         550
                              ______      _____
Return before Taxation        1,072         809
Less Taxation                   186         269
                                ____      _____
Return attributable to
ordinary shareholders           886         540
                                ====       ====


Dividends per ordinary
share                         1.55p       1.55p



                                1999       1998
                               £'000      £'000
CAPITAL

Movements on investments     30,566    (26,197)
Less: Expenses charged to
Capital                        1,431       746
                               ______   ______
Return before taxation        29,135   (26,943)

Taxation                           9         4
                                ______    _____
Return attributable to
ordinary shareholders        29,144    (26,939)
                              =====     =====

Revenue return per ordinary
share                           2.23p     1.35p
Capital return per ordinary
share                          73.21p  (67.35)p


Total return per ordinary
share                          75.44p  (66.00)p


At 31 December 1999


Total Net Assets (£'000)      174,808  125,677


Net Asset Value per Ordinary
Share                          443.3p    314.2p





THE FLEMING MID CAP INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE HALF YEAR ENDED 
31ST DECEMBER 1999
                          
                          
CASH FLOW STATEMENT
                             1999          1998
                            £'000         £'000
Net cash inflow from
operating activities         1,020        1,316

Net cash outflow from returns 
on investments and servicing   
of finance                  (1,066)     (1,100)
     


Net cash inflow from capital
expenditure and financial
investment                   3,403       3,364
Total equity dividends paid (1,500)     (1,500)



Net cash inflow from
financing                    3,678          -
                             _____       _____
Increase in cash in the
period                       5,535        2,080
                              ====        ====

The  above  financial  information  does  not
constitute statutory  accounts  as defined in
Section  240  of  the Companies  Act  1985.
Statutory accounts  for  the  year ended 30th June
1999 have been delivered to the Registrar of
Companies.