Interim Results

JP Morgan Fleming Mid Cap Inv PLC 
14 February 2002

                 JPMORGAN FLEMING MID CAP INVESTMENT TRUST PLC

                       LONDON STOCK EXCHANGE ANNOUNCEMENT


Announcement of Interim Results

The Directors of JPMorgan Fleming Mid Cap Investment Trust plc today announce
the Company's results for the six months ended 31st December 2001.


The Company's net asset value total return per share for the six months to 31st
December 2001 was -7.8%.  This compares with a total return over the same period
of -3.6% from the Company's benchmark, the FTSE 250 Index (ex investment
trusts). The Company's share price fell by 16.0% during the period, with the
discount to net asset value widening to 12.2% from an historical low of 4.4% at
the previous year end.


As a result of the increase in investment income in the six months to 31st
December 2001, the Directors have declared an interim dividend of 2.50p (2000:
2.00p) per share payable on 2nd April 2002 to shareholders on the register at
the close of business on 8th March 2002.  It is the Board's intention to at
least maintain the final dividend of 5.00p.


Board of Directors


Sir Richard Storey, a Director of the Company since 1989 and Chairman since
1996, will retire from the Board on 31st March 2002. Alan Schroeder, who has
been a Director of the Company since 1996, will become Chairman with effect from
1st April 2002. The Board will seek to appoint another Director to the Board in
due course.


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


14th February 2002


For further information, please contact:


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




JPMorgan Fleming Mid Cap Investment Trust plc
Unaudited figures for the six months ended 31 December 2001


Statement of Total Return (Unaudited)

                        Six months to 31 December 2001  Six months to 31 December 2000       Year to 30 June 2001
                          Revenue     Capital     Total   Revenue   Capital       Total   Revenue    Capital     Total
                            £'000       £'000     £'000     £'000     £'000       £'000     £'000      £'000     £'000


Realised (losses)/gains         -    (12,026)  (12,026)         -     7,197       7,197         -    (3,659)   (3,659)
on investments
Net change in                   -     (1,862)   (1,862)         -  (11,046)    (11,046)         -   (10,028)  (10,028)
unrealised appreciation
Currency gains on cash
and short-term                  -           -         -         -        14          14         -         14        14
                                            
deposits held during
the period
Franked dividends           2,353           -     2,353     1,701         -       1,701     4,206          -     4,206
                                                          
Scrip dividends                17           -        17        35         -          35       128          -       128
Deposit interest              149           -       149        91         -          91       165          -       165
Underwriting                   15           -        15        18         -          18        22          -        22
Commissions
                          _______    ________   _______    ______   _______    ________   _______    _______   _______

Gross return                2,534    (13,888)  (11,354)     1,845   (3,835)     (1,990)     4,521   (13,673)   (9,152)

Management fee              (219)       (511)     (730)     (265)     (618)       (883)     (511)    (1,193)   (1,704)
                                                                                                   
Other administrative         (64)           -      (64)     (125)         -       (125)     (180)          -     (180)
expenses

Interest payable            (426)       (993)   (1,419)     (443)   (1,033)     (1,476)     (871)    (2,033)   (2,904)

                          _______     _______   _______    ______   _______     _______   _______    _______   _______

Return before taxation      1,825    (15,392)  (13,567)     1,012   (5,486)     (4,474)     2,959   (16,899)  (13,940)

Taxation                     (33)          33         -      (22)        22           -      (38)         38         -

                           ______     _______   _______    ______   _______      ______   _______    _______   _______

Total return                1,792    (15,359)  (13,567)       990   (5,464)     (4,474)     2,921   (16,861)  (13,940)
attributable to
ordinary shareholders

Dividend (s) payable on     (772)           -     (772)     (765)         -       (765)   (2,694)          -   (2,694)
ordinary shares

Transfer to/ (from)         1,020    (15,359)  (14,339)       225   (5,464)     (5,239)       227   (16,861)  (16,634)
reserves

Return per ordinary         4.64p    (39.82)p  (35.18)p     2.57p  (14.16)p    (11.59)p     7.57p   (43.70)p  (36.13)p
share

Dividend (s) per            2.00p                           2.00p                           7.00p
ordinary share



JPMorgan Fleming Mid Cap Investment Trust plc
Unaudited figures for the six months ended 31 December 2001


BALANCE SHEET                                                        31 December     31 December         30 June
                                                                            2001            2000            2001
                                                                           £'000           £'000           £'000

Investments at valuation                                                 181,895         214,056         204,488

Net current assets/(liabilities)                                           1,949         (4,484)         (6,309)

Long term loan                                                          (10,916)        (10,910)        (10,912)

Debenture stock                                                         (20,000)        (20,000)        (20,000)
                                                                         _______         _______         _______
Total net assets                                                         152,928         178,662         167,267
                                                                           =====           =====           =====

Net asset value per ordinary share                                        396.4p          463.2p          433.6p

CASH FLOW STATEMENT
                                                                            2001            2000            2000
                                                                           £'000           £'000           £'000

Net cash inflow from operating activities                                  1,928           1,090           2,496

Net cash outflow from returns on investments and servicing
of finance                                                               (1,458)         (1,482)         (2,913)

Net cash inflow/(outflow) from capital expenditure and
financial investment                                                       7,545         (2,932)         (1,933)

Total equity dividends paid                                              (1,929)         (1,717)         (2,488)

Net cash (outflow)/inflow from financing                                 (3,111)           (987)           2,123
                                                                         _______          ______          ______
Increase / (decrease) in cash for the period                               2,975         (6,028)         (2,715)
                                                                           =====            ====            ====






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 30 June 2001 have been delivered to the Registrar of Companies.



J.P. MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED
14th February 2002







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