Result of AGM

Fleming US Discovery Investment Trust PLC
9 May 2000


The   Fleming  US  Discovery  Investment  Trust
plc   (the Company')  announces that at the Annual
General Meeting  of the  Company  held  on Tuesday
9th May 2000,  the  following resolution was passed
as a Special Resolution:

THAT  the  Company be generally and subject  as
hereinafter appears   unconditionally  authorised
in  accordance   with Section  166 of the Companies
Act 1985 (the Act')  to  make market  purchases
(within the meaning of Section 163 of  the Act) of
its issued Shares of 25p each in the capital of  the
Company.


PROVIDED ALWAYS THAT


(i)    the  maximum number of Shares hereby authorised
       to  be purchased shall be 1,769,491 or, if
       less, that number of shares which is equal to
       14.99% of the Company's issued share  capital
       as at the date of the passing  of  this
       resolution;
     
     
(ii)   the  minimum price which may be paid for a
       Share shall be 25p;
(iii)  the  maximum price which may be paid for a
       Share shall be an amount equal to 105 per cent 
       of the average of the middle market quotations 
       for a Share taken from and calculated by 
       reference to the London Stock Exchange Daily 
       Official  List for the five business days 
       immediately preceding the day on which the 
       Share is purchased;
     
(iv)   any purchase of Shares will be made in the
       market
       for cash at prices below the prevailing net
       asset value per Share (as determined by the
       Directors);
     
(v)  the  authority  hereby conferred shall  expire
     on  8th November  2001 unless the authority is
     renewed  at  the Company's Annual General
     Meeting in 2001 or at any other general meeting
     prior to such time; and
     
(vi) the Company may make a contract to
     purchase Shares under the authority hereby 
     conferred prior to the expiry of such authority 
     and may make a purchase of Shares pursuant to 
     any such contract notwithstanding such expiry.
     
For further information please contact:

Heather Williams
Fleming  Investment Trust Management Limited
020 7638 5858