Purchase of Own Secs.-Rplcmnt

JPMorgan Fleming American IT PLC
18 November 2002

The following replaces the 'Purchase of Own Securities' announcement released on
18th November 2002 at 10.58 hrs under RNS: 9154D



The share price was 482.75p not 428.75p as previously stated.



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









                          STOCK EXCHANGE ANNOUNCEMENT





                 JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




JPMorgan Fleming American Investment Trust plc announces that on Friday 15
November in the market it purchased for cancellation 60,000 ordinary shares at
482.75p per share  representing a total of 0.10% of the ordinary shares in
issue.



The current repurchase authority for 9,139,960 shares was approved by
shareholders on 25 April 2002.  To date 1,886,000 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase is 59,283,663.







18 November 2002



For further information, please contact:



Jonathan Latter

For and on behalf of

J.P. Morgan Fleming Asset Management (UK) Limited

020 7742 3408





Peter Sheen

Cazenove & Co - Stockbrokers to the Company

020 7214 7507








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