Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
26 January 2006




                          STOCK EXCHANGE ANNOUNCEMENT

               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming Claverhouse Investment Trust plc announces that today in the
market they purchased for cancellation 75,000 ordinary shares at 474.5 pence per
share representing 0.12% of the ordinary shares in issue.

The current repurchase authority for 9,905,955 shares was approved by
shareholders on 19th April 2005.  To date 2,186,897 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 63,896,861.


26th January 2006


For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Shamus Henderson
Cazenove Global Equities- Stockbrokers to the Company
0207 155 8122



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