Asset Analysis

Fleming American Inv Trust PLC
7 June 2001



ASSET ANALYSIS AS AT 31st MAY 2001



THE FLEMING AMERICAN INVESTMENT TRUST plc

                                                   % funds as at 31/5/01
UK                                                                            0
S&P 500                                                                      87
Other US equities                                                             6
Other equities                                                                0
US bonds/fixed interest                                                       3
Cash and non-fixed interest                                                   4
                                                                            100