Geographical Breakdowns, etc

Fleming Mercantile Inv Trust PLC
12 July 2000


Monthly Report      Jun-00

Fleming Investment Trust Sector & Geographical Breakdowns %
and Ten Largest Investments in % of Total Assets.

Mercantile     Cyclical Services              20.0
               Financials                     19.0
               Basic Industries               13.0
               Information Technology         12.0
               Non-Cyclical Consumer Goods     9.0
               Assets / Liabilities            7.0
               Utilities                       7.0
               General Industrials             6.0
               Non-Cyclical Services           4.0
               Resources                       2.0
               Cyclical Consumer Goods         1.0
               Total                         100.0

Mercantile     United Kingdom                 90.0
               Assets / Liabilities            7.0
               North America                   1.0
               Ireland                         1.0
               Norway                          1.0
               Total                         100.0

Mercantile     Ten Largest Investments

               BATM Advanced                   2.2
               Robert Fleming Holdings         1.9
               Heywood Williams Group          1.8
               Powergen                        1.7
               Williams                        1.6
               Cambridge Antibody              1.4
               Gallaher                        1.3
               Psion                           1.3
               Whitbread                       1.2
               Nycomed Amersham                1.1
                                              15.4