Purchase of Own Securities

Fleming American Inv Trust PLC
7 June 2000

                            
        THE FLEMING AMERICAN INVESTMENT TRUST PLC
                                                        
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The  Fleming American Investment Trust plc announces that
yesterday  in  the  market it purchased for  cancellation
50,000 ordinary shares at 831p per share  representing  a
total of 0.08% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
14,210,564

The current repurchase authority for 9,646,420 shares was
approved  by  shareholders on 27  April  2000.   To  date
4,340,000   shares  have  been  repurchased  under   this
authority  which represents 6.74% of the ordinary  shares
in  issue  as  at  the  date share  holder  approval  was
granted.

The  remaining shares in issue following this  repurchase
is 60,107,370


For further information, please contact:

Fraser Easton 020 7880-3425
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited
020 7638 3425

Angus Gordon Lennox
Cazenove & Co - Stockbrokers to the Company
020 7588 2828