New Fund Manager Appointed

JP Morgan Fleming Mid Cap Inv PLC  
17 July 2002





                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN FLEMING MID CAP INVESTMENT TRUST PLC


The Board of JPMorgan Fleming Mid Cap Investment Trust plc is pleased to
announce the appointment of James Inglis Jones as manager of the Company's
portfolio, with immediate effect.


Mr Inglis Jones will be joined in the management of the portfolio by Jeremy
Wells, who replaces Ross Hollyman. Mr Wells has over fourteen years' experience
in the fund management industry, the last four within the JPMorgan Fleming
organisation.


Ross Hollyman will continue with his existing assignments within JPMorgan
Fleming, and the Board would like to thank him for his contribution to the
Company.




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


17th July 2002



For further information, please contact:


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



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