Asset Analysis - Replacement

Fleming American Inv Trust PLC
5 April 2002


The issuer advises that the following replaces the 'Asset Analysis' announcement
released on 4th April 2002 at 16.45 hrs under RNS: 0465U.

The Fleming American Investment Trust plc (S&P 500 and Cash and non-fixed
interest) percentages have been amended.

All other details remain unchanged.  The full amended text appears below.


ASSET ANALYSIS AS AT 31st March 2002

THE FLEMING AMERICAN INVESTMENT TRUST plc

                                                    % funds as at 31/03/02

UK                                                                       0
S&P 500                                                                 68
Other US equities                                                       23
Other equities                                                           0
US bonds/fixed interest                                                  3
Cash and non-fixed interest                                              6
                                                                       100


                      This information is provided by RNS
            The company news service from the London Stock Exchange