Director Shareholding

JPMorgan Fleming American IT PLC
10 March 2003



SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1.        Name of company:


JPMORGAN  FLEMING AMERICAN INVESTMENT TRUST PLC


2.        Name of director:


MR I O S SAUNDERS


3.        Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest:


AS 2 ABOVE



4.        Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified):


HENDERSON NOMINEES LIMITED



5.        Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s):


N/A



6.        Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/
non-discretionary:


PURCHASE OF SHARES IN GENERAL PEP



7.        Number of shares/amount of stock acquired:



1,602



8.        Percentage of issued class:



0.00%



9.        Number of shares/amount of stock disposed:



N/A



10.     Percentage of issued class:



N/A



11.     Class of security:



ORDINARY SHARES OF 25p



12.     Price per share:



       435p




13.     Date of transaction:



6TH  MARCH 2003



14.     Date company informed:



7TH MARCH 2003



15.     Total holding following this notification:



4,603



16.     Total percentage holding of issued class following this notification:



0.00%


If the company has granted options to a director, please complete boxes 17 to 22
inclusive:



17.     Date of grant:



N/A



18.     Period during which or date on which exercisable:



N/A



19.     Total amount paid (if any) for grant of the option:



N/A



20.     Description of shares or debentures involved, class and number:



N/A



21.     Exercise price (if fixed at time of grant) or indication that price is
to be fixed at time of exercise:



N/A



22.     Total number of shares or debentures over which options held following
this notification:



N/A



23.     Any additional information:





24.     Name of contact and telephone number for queries:



FRASER EASTON  0207-742-3425



25.   Date of notification:


10TH  MARCH 2003

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