Interim Results

Fleming Japanese Inv Trust PLC
4 May 2000


      THE FLEMING JAPANESE INVESTMENT TRUST PLC
                          
The  Directors of The Fleming Japanese Investment
Trust  plc,  today announce the interim results for
the half-year to 31st March 2000

  Net  asset value per ordinary share increase
  by  43.2%  to 465.5p.

  Tokyo Stock Exchange 1st Section Index
  increases by 21.3% in sterling terms over the
  comparable period.
                          
  Ordinary share price increased by 34.1% to
  391.0p


For further information:

Heather Williams
Fleming Investment Trust Management Limited
020 7880 3459

Stephen Mitchell
Fleming Investment Management Limited
020 7638 5858

Tom Durie
HSBC Securities
020 7336 2004


        THE FLEMING JAPANESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31ST MARCH 2000

                                2000      1999

                               £'000     £'000

REVENUE

Income

Franked dividends                 33       72
Overseas dividends             2,287    1,702
Deposit interest                   9       37
Stock lending fees               204      122
                               _____    _____ 
Gross Revenue                  2,533    1,933

Less Management fee            2,316      941
Other administrative expenses    280      171
Interest payable               1,526    1,211
                               ______     _____
Return before Taxation        (1,589)    (390)

Less Taxation                    343      270
                               _____    _____
Transfer to reserves          (1,932)   (660)
                                 ===    ====

                                2000     1999

                               £'000    £'000

CAPITAL
                               ______   ______
Return attributable to ordinary
shareholders                  277,125   137,532
                                =====     =====

Revenue return per
ordinary share                 (0.99)p  (0.34)p
Capital return per
ordinary share                 141.50p   70.22p
Total return per
ordinary share                 140.51p   69.88p


At 31 March 2000

Total Net Assets (£'000)       911,757  407,939 
Net asset value per
ordinary share                  465.5p   208.3p



      THE FLEMING JAPANESE INVESTMENT TRUST PLC
UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31ST MARCH 2000


CASH FLOW STATEMENT
                            2000           1999

                            £'000         £'000

Net cash outflow from
operating activities      (1,312)         (179)

Net cash outflow from
returns on investments and
servicing of finance      (1,552)       (1,205)

Net cash outflow from
capital expenditure
and financial investment  (20,844)     (25,124)

Net cash inflow
from financing             25,209          -
                           _____          _____
Increase/(decrease) in cash
in the period              1,501       (26,508)
                            ====         ====


The  above  financial  information  does  not
constitute  statutory accounts  as  defined  in
Section 240 of the  Companies  Act  1985. Statutory
accounts for the year ended 30th September 1999 have
been delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED