Final Results

JP Morgan Fleming Indian IT PLC
29 November 2002

                  JPMorgan Fleming Indian Investment Trust plc



                          Stock Exchange Announcement



29th November 2002



The Board today announce the unaudited results for the year ended 30th September
2002.



Over the period the net asset value per share fell by 1.4% to 61.96p, which
compares with a 3.9% rise in the benchmark index, the Bombay Stock Exchange
National 100 Index expressed in sterling terms.



The share price ended the year at 50.25p, a flat return over the period, as this
is the same price recorded as at 30th September 2001.



As has been the case in previous periods the Directors will not be declaring a
dividend for the year.





For and on behalf of the Company
Fraser Easton - Authorised Signatory
JPMorgan Fleming Asset Management (UK) Limited - Secretary







JPMorgan Fleming Indian Investment Trust plc
Unaudited Consolidated figures for the year ended 30th September 2002



Statement of Total Return (Unaudited)


                                          Year ended 30th September 2002       Year ended 30th September 2001

                                              Revenue    Capital    Total     Revenue     Capital       Total
                                              £'000      £'000      £'000       £'000       £'000       £'000



Realised gains/(losses) on investments             -      5,317      5,317          -    (14,335)    (14,335)
Net change in unrealised appreciation              -    (2,459)    (2,459)          -    (17,648)    (17,648)
Currency translation difference                    -    (5,230)    (5,230)          -         476         476
Currency losses on cash and short-term             -       (80)       (80)          -       (158)       (158)
deposits held during the year
Other capital charges                              -       (43)       (43)          -        (77)        (77)
Exchange adjustments                               -      2,235      2,235          -        (12)        (12)
Unrealised gain on intercompany loan               -          -          -          -          50          50
Realised (losses)/gains on intercompany            -      (137)      (137)          -          10          10
loan
Income from investments                          907          -        907        884           -         884
Other income                                      34          -         34        115           -         115
                                             _______    _______    _______     ______     _______    ________

Gross return                                     941      (397)        544        999    (31,694)    (30,695)
Management fee                                 (703)          -      (703)      (830)           -       (830)
Other administrative expenses                  (446)          -      (446)      (531)           -       (531)
Interest payable                                (41)          -       (41)       (60)           -        (60)
                                          
                                             _______    _______    _______     ______     _______     _______

Return before taxation                         (249)      (397)      (646)      (422)    (31,694)    (32,116)
Taxation                                       (114)          -      (114)        (1)           -         (1)
                                             _______    _______    _______     ______     _______     _______

Transfer from reserves                         (363)      (397)      (760)      (423)    (31,694)    (32,117)

Return per ordinary share                    (0.46)p    (0.51)p   (0..97)p    (0.54)p    (40.09)p    (40.63)p





   JPMorgan Fleming Indian Investment Trust plc
   Unaudited Consolidated figures for the year ended 30th September 2002




BALANCE SHEET                                                         30th September      30th September
                                                                                2002                2001
Fixed assets                                                                   £'000               £'000

Investments at valuation                                                      46,580              51,554


Debtors                                                                          141               1,266

Cash and short-term deposits                                                   1,970                 150

Creditors: Amounts falling due within one year                                 (455)             (3,518)

                                                                              ______              ______
TOTAL NET ASSETS                                                              48,236              49,452
                                                                               =====               =====

Ordinary - undiluted NAV                                                      61.96p              62.84p



CASH FLOW STATEMENT
                                                                                2002                2001
                                                                               £'000               £'000

Net cash outflow from operating activities                                     (392)               (142)

Net cash outflow from servicing of finance                                      (92)                (97)                
                                                                  

Total tax paid                                                                   (7)                  -
                                                                                 

Net cash inflow/(outflow) from capital expenditure and                         4,947             (9,145)
financial investment

Net cash (outflow)/inflow from financing                                     (2,181)                 614
                                                                             _______              ______
Increase/(decrease) in cash for the year                                       2,275             (8,770)
                                                                               =====                ====













The above financial information does not constitute statutory accounts for the
years ended 30 September 2002 or 2001.  The financial information for the year
ended 30 September 2001 is derived from the statutory accounts for that year
that have been delivered to the Registrars of Companies.  The auditors reported
on those accounts; their report was unqualified and did not contain a statement
under s237(2) or (3) Companies 1985.  The statutory accounts for the year ended
30 September 2002 will be finalised on the basis of the financial information
presented by the directors in this preliminary announcement and will be
delivered to the Registrar of Companies following the company's annual general
meeting.





J.P. MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED



29th November 2002




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