Holding in Company

Fleming US Discovery Inv Trust PLC
19 December 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FLEMING US DISCOVERY INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CHASE MANHATTAN CORPORATION

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.

     ROBERT FLEMING NOMINEES LTD

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 25p SHARES

10)  Date of transaction

     NOT STATED

11)  Date company informed

     15-Dec-00

12)  Total holding following this notification

     448,040
             
13)  Total percentage holding of issued class following this notification

     3.80%

14)  Any additional information



15)  Name of contact and telephone number for queries

     HEATHER WILLIAMS: 020 7742 3459

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

     Date of Notification: 19-Dec-00