Holding in Company

Fleming US Discovery Inv Trust PLC
24 August 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FLEMING US DISCOVERY INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ROBERT FLEMING HOLDINGS LTD                4,274,765

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     FLEMING INVESTMENT MGT LTD                              1,525,325
     FLEMING INVESTMENT TRUST MGT LTD                          997,185
     FLEMING PRIVATE ASSET MGT LTD                             299,975
     SAVE & PROSPER EQUITY PLAN MANAGERS                       295,332
     SAVE & PROSPER GROUP LTD                                1,156,948

5)   Number of shares/amount of stock acquired.

     NOT STATED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT STATED

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25P

10)  Date of transaction

     NOT STATED

11)  Date company informed

     24 AUGUST 00

12)  Total holding following this notification

     4,274,765
               
13)  Total percentage holding of issued class following this notification

     36.28%

14)  Any additional information



15)  Name of contact and telephone number for queries

     LINDA FIELD               020 7880 3426

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ......24 AUGUST 2000..........