Purchase of Own Securities

JPMorgan Fleming American IT PLC
09 August 2002




                          STOCK EXCHANGE ANNOUNCEMENT

                 JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC

                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


JPMorgan Fleming American Investment Trust plc announces that on Thursday 8
August in the market it purchased for cancellation 40,000 ordinary shares at
472p per share  representing a total of 0.07% 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 387,000 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase is 60,782,663


9th August 2002



For further information, please contact:

Fraser Easton

For and on behalf of

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

020 7742 3425



Peter Sheen

Cazenove & Co - Stockbrokers to the Company

020 7214 7507




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