Final Results

Fleming Mid Cap Inv Tst PLC
6 September 2001


                      LONDON STOCK EXCHANGE ANNOUNCEMENT

                   THE FLEMING MID CAP INVESTMENT TRUST PLC

                  PRELIMINARY ANNOUNCEMENT OF FINAL RESULTS


The Directors of The Fleming Mid Cap Investment Trust plc today announce the
Company's results for the year ended 30th June 2001.

Following a strong out-performance in the previous year, in the year to 30th
June 2001, the Company's net asset value total return per share was -7.3%.
This compares with a total return over the same period of -0.6% from the
Company's benchmark, the FTSE 250 Index (ex investment trusts). The Company's
share price rose by 9.5% during the period, with the discount to net asset
value narrowing to 4.4% from 20.5% at the previous year end.

During the year, the Company repurchased a total of 150,000 shares in the
market for cancellation and at the forthcoming AGM shareholders will be
requested to renew the Company's authority to repurchase shares.

The Directors have declared a final dividend of 5.00p (2000: 4.45p) per share
payable on 1st November 2001 to shareholders on the register at the close of
business on 5th October 2001.  Together with the interim dividend of 2.00p
already paid, this will produce a total annual dividend of 7.00p, an increase
of 16.7% on the previous year.



J.P. Morgan Fleming Asset Management (UK) Limited - Secretary

6th September 2001


For further information, please contact:


Jonathan Latter
J.P. Morgan Fleming Asset Management (UK) Limited          020 7742 6000




                   THE FLEMING MID CAP INVESTMENT TRUST PLC
             UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE 2001

                                                                                
                                            2001           2000
                                           £'000          £'000

REVENUE

Income
                Franked dividends          4,206          4,274
                Scrip dividends              128             83
                Deposit interest             165             66
                Underwriting commission       22             14
                                           _____          _____

Gross Revenue                              4,521          4,437

Less        Management fee *                 511            454
            Other administrative expenses    180            361
            Interest payable *               871            877
                                          ______          _____

Return before Taxation                     2,959          2,745


Less Taxation                                 38             15
                                          ______          _____

Return available to ordinary shareholders  2,921          2,730
                                          ======          =====


* These expenses are charged 70% to capital and 30% to revenue. The total
management fee for the period was £1,704k and the total interest charge was £
2,904k.


CAPITAL

                Movements on investments  (13,673)       44,483
                Less: Expenses charged 
                       to Capital           3,226         3,108
                                           ______         _____

Return before Taxation                    (16,899)       41,375

     Taxation                                  38            15
                                           ______         _____

Return available to ordinary shareholders (16,861)       41,390
                                           ======        ======

Dividend payable per ordinary share:

Interim                                      2.00 p         1.55 p
Final                                        5.00 p         4.45 p
                                             7.00 p         6.00 p


Cost of dividends payable (£'000)           2,694          2,333

Revenue return per ordinary share            7.57  p        6.91 p
Capital return per ordinary share          (43.70) p      104.71 p
Total return per ordinary share            (36.13) p      111.62 p


                  THE FLEMING MID CAP INVESTMENT TRUST PLC
             UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE 2001



BALANCE SHEET
                                                               2001       2000
                                                              £'000      £'000

Investments at valuation                                    204,488    220,449

Debtors                                                       1,037      2,742

Cash and short-term deposits                                      -      2,701

Creditors: amounts falling due within one year              (7,346)   (10,488)

Creditors: amounts falling due after more than one year    (30,912)   (30,907)
                                                            _______    _______
Total net assets                                            167,267    184,497
                                                              =====      =====
Net asset value per ordinary share                           433.6p     476.4p



CASH FLOW STATEMENT

                                                               2001      2000
                                                              £'000     £'000

Net cash inflow from operating activities                     2,496     2,483

Net cash outflow from returns on investments and
 servicing of finance                                        (2,913)   (2,575)

Net cash (outflow)/inflow from capital expenditure
 and financial investment                                    (1,933)    3,520

Total equity dividends paid on ordinary shares               (2,488)   (2,110)



Net cash inflow from financing                                2,123     1,390
                                                              _____     _____

(Decrease)/increase in cash for the year                     (2,715)    2,708
                                                              =====     =====


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
2000. These accounts, upon which the auditors issued an unqualified opinion,
have been delivered to the Registrar of Companies.


J.P. MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED
6th September 2001