Final Results - Year to 30 September 1999

Fleming Asian Investment Trust PLC
25 November 1999


The Company today announces its unaudited results for the year
to 30 September 1999.

The  Company's net asset value per ordinary share in  sterling
terms  has increased by 78.8% (capital only) over the year  to
30 September 1999. The Company's benchmark, the Morgan Stanley
Composite Asia Free Index ex Japan in sterling terms  returned
83.3% (also capital only) over the same period. This shortfall
was  due  mainly  to the defensive position of  the  portfolio
during  the  fourth quarter of 1998 when Asian  stock  markets
rallied   strongly.  The  stocks  which  initially   rebounded
included  highly indebted companies which would  benefit  most
from  lower  interest rates. The portfolio had no exposure  to
such companies due to quality concerns.

The  Board  is recommending a final dividend of 0.5 pence  per
share,  payable  on  10 February 2000 to shareholders  on  the
register on 10 January 2000.


For further information:  
    Liz Hayman     0171 638 5858
    Fleming Investment Trust Management Limited
                    
                              
            THE FLEMING ASIAN INVESTMENT TRUST PLC
   UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 1999

                                        1999      1998

                                       £'000     £'000
REVENUE

Income

     Franked dividends                     53      138
     Overseas dividends                 2,008    2,156
     Scrip dividends                      379      450
     Deposit interest                      97      428
     Stock lending fees                    24       79
                                        _____    _____
Gross Revenue                           2,561    3,251

Less Management fee                       709      861
     Other administrative expenses        293      309
     Interest payable                     391      168
                                       ______    _____
Return before Taxation                  1,168    1,913

Less Taxation                             298      493
                                        _____    _____
Return available to ordinary shareholders 870    1,420
                                         ====     ====

Dividend per ordinary share            0.50 p   0.70 p


CAPITAL
                                       ______   ______
Return available to ordinary 
shareholders                           60,044 (89,865)
                                        =====   ======

Revenue return per ordinary share      0.53 p   0.85 p
Capital return per ordinary share     36.27 p(53.97) p
Total return per ordinary share       36.80 p(53.12) p


At 30 September 1999

Total Net Assets (£'000)              135,117   76,892
Net Asset Value per Ordinary Share     82.6 p   46.2 p

The  above financial information does not constitute statutory
accounts as defined in Section 240 of the Companies Act  1985.
The   comparative  financial  information  is  based  on   the
statutory  accounts  for the year ended 30th  September  1998.
These  accounts, upon which the auditors issued an unqualified
opinion, have been delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED