Final Results

Fleming Emerging Mkts Inv Tst PLC
7 September 2000

                                       
     THE FLEMING EMERGING MARKETS INVESTMENT TRUST
                           
      Results For the Year Ended 30th June, 2000


London, 7th September, 2000

The  Fleming Emerging Markets Investment Trust plc
today  announced its results for  the  year  ended
30th June, 2000.

The  net asset value per share increased by  28.6%
over  the  year  compared to an  increase  in  the
benchmark  index, the MSCI Emerging  Markets  Free
Index in Sterling terms, of 14.2%.

As  the Company continues to focus on capital gain
rather  than  income , there is a  modest  revenue
loss.  No dividend is payable.

Commenting  on  the results, the  Chairman,  Roger
Murray said;

'I  am pleased to report an extremely satisfactory
performance  this year. In addition  to  a  strong
outperformance of the benchmark index,  the  share
price  has  benefited from the  narrowing  of  our
discount so that the share price return was  32.6%
over the period.
We have a good team and a proven strategy in place
and look forward to future growth'


For further information, please contact:

Linda Field, Company Secretary
Fleming Emerging Markets Investment Trust plc
0207 880 3426

   THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
  UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE 2000

                                       2000       1999

                                       £'000     £'000

REVENUE

Income

     Overseas dividends                 2,517    3,038
     Franked investment income             36        -
     Scrip dividends                      490      105
     Deposit interest                      65      338
     Stock lending fees (net)              49       30
                                        _____    _____
Gross Revenue                           3,157    3,511

Less Management fee                     2,199    1,922
     Other administrative expenses        509      278
     Interest payable                   1,273    1,556
                                       ______    _____
Return before Taxation                  (824)    (245)

Less Taxation                             230      215

Return available to                    ______    _____
ordinary shareholders                 (1,054)    (460)
                                       ======    -====



                                        2000      1999

                                       £'000     £'000
CAPITAL

Return attributable to ordinary shareholders

                                       40,131   25,926
                                       ======   ======

Dividends per ordinary share              Nil      Nil

Revenue return per ordinary share    (1.14) p (0.48) p
Capital return per ordinary share     43.22 p  27.07 p
Total return per ordinary share       42.08 p   26.59p


At 30 June 2000

Total Net Assets (£'000)              178,959  144,137
Net Asset Value per Ordinary Share    195.2 p  151.8 p




   THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
  UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE 2000
                           
                           
CASH FLOW STATEMENT
                                        2000      1999

                                       £'000     £'000


Net cash (outflow)/inflow from
operating activities                    (270)      641

Net cash outflow from servicing
of finance                            (1,831)  (1,758)

Total tax recovered                     1,046        -

Net cash (outflow)/inflow from capital
expenditure and financial investment  (5,125)   15,414

Net cash outflow from financing       (1,677)  (6,650)
                                        _____    _____
(Decrease) /increase in cash
in the year                           (7,857)    7,647
                                       ======    =====



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 June 1999.  These accounts, upon which
the  auditors issue an unqualified opinion,  have  been
delivered to the Registrar of Companies.

CHASE FLEMING ASSET MANAGEMENT (UK)LIMITED