Director Shareholding

JPMorgan Fleming American IT PLC
07 March 2003



SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1.        Name of company:

JPMORGAN  FLEMING AMERICAN INVESTMENT TRUST PLC


2.        Name of director:

MR HAMISH BUCHAN


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 or in respect of a
non-beneficial interest:

AS 2 ABOVE


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

JAMES HAY PENSION TRUSTEES LTD


5.        Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s):

N/A


6.        Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/
non-discretionary:

PURHCASE OF SHARES


7.        Number of shares/amount of stock acquired:

4,700


8.        Percentage of issued class:

0.00%


9.        Number of shares/amount of stock disposed:

N/A


10.     Percentage of issued class:

N/A


11.     Class of security:

ORDINARY SHARES OF 25p


12.     Price per share:

       442.54p


13.     Date of transaction:

3 MARCH 2003


14.     Date company informed:

6 MARCH 2003


15.     Total holding following this notification:

10,000


16.     Total percentage holding of issued class following this notification:

0.02%

If the company has granted options to a director, please complete boxes 17 to 22
inclusive:


17.     Date of grant:

N/A


18.     Period during which or date on which exercisable:

N/A


19.     Total amount paid (if any) for grant of the option:

N/A


20.     Description of shares or debentures involved, class and number:

N/A


21.     Exercise price (if fixed at time of grant) or indication that price is
to be fixed at time of exercise:

N/A


22.     Total number of shares or debentures over which options held following
this notification:

N/A


23.     Any additional information:



24.     Name of contact and telephone number for queries:

FRASER EASTON  0207-742-3425


25.   Date of notification:

7 MARCH 2003



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