Purchase of Own Securities

JPMorgan Fleming American IT PLC
18 November 2003





                          STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION



JPMorgan Fleming American Investment Trust plc announces that on Monday 17th
November 2003 in the market it purchased for cancellation the following:

75,000 ordinary shares at 523.3816p per share representing a total of 0.1% of
the ordinary shares in issue;

The number of shares repurchased under the current authority now totals
2,316,397.



The remaining shares in issue following the above repurchases is 54,763,741.


18th November 2003


For further information, please contact:

Hilary Lowe
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited - Secretary
020 7742 3274

Tod Davis
Cazenove & Co - Stockbrokers to the Company
020 7155 8121




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