Holding in Company

Fleming American Inv Trust PLC
27 October 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE FLEMING AMERICAN INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

STANDARD LIFE GROUP

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

IN RESPECT OF SHARHOLDER IN 2 ABOVE

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

STANLIFE NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.


6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

100,000

8)   ( 0.16% ) of issued Class

9)   Class of security

Ordinary Shares of 25p

10)  Date of transaction

26-Oct-00

11)  Date company informed

27-Oct-00

12)  Total holding following this notification

1,771,657
               
              
13)  Total percentage holding of issued class following this notification

2.95%

14)  Any additional information

The above shareholder no-longer holds a notifiable interest

15)  Name of contact and telephone number for queries

FRASER EASTON    020 7742 3425

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ......27-Oct-00.............................