Holding(s) in Company

JPMorgan Fleming American IT PLC
15 January 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JpMORGAN  FLEMING AMERICAN INVESTMENT TRUST plc

2)   Name of shareholder having a major interest

LEGAL & GENERAL INVESTMENT MANAGEMENT

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 SHAREHOLDER 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

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 775245: 276,036

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 357206: 1,394,403

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 866203: 81,900

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 360509: 54,900


5)   Number of shares/amount of stock acquired

50,000

6)   Percentage of issued class

NOT STATED

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

10TH JANUARY 2003

11)  Date company informed

15th JANAUARY 2003

12)  Total holding following this notification

1,807,239

13)  Total percentage holding of issued class following this notification

3.07%



14)  Any additional information





15)  Name of contact and telephone number for queries

FRASER EASTON, 020 7742 3425

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

HELEN WALKER, 020 7742 3453



17)  Date of notification

        15th JANUARY 2003



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