Purchase of Own Securities

JPMorgan Fleming American IT PLC
14 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 Tuesday 13
August in the market it purchased for cancellation 25,000 ordinary shares at
485p per share  representing a total of 0.04% 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 512,000 shares have been repurchased
under this authority.


The remaining shares in issue following this repurchase is 60,657,663




14th August 2002


For further information, please contact:


Richard Lewis
For and on behalf of
J.P. Morgan Fleming Asset Management (UK) Limited
020 7742 3477


Peter Sheen
Cazenove & Co - Stockbrokers to the Company
020 7214 7507








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