Sector/Geo. Breakdown-Replace

Fleming American Inv Trust PLC
17 April 2002


The issuer has made the following amendment to the Sector / Geographical
breakdown announcement released on 9 April 2002 at 17:47 under RNS No 2794U.

The announcement contains a number of typographical changes that have been
identified with an asterisk (*).

The full corrected version is shown below.



SECTOR/GEOGRAPHIC BREAKDOWNS BY % AND TEN LARGEST INVESTMENTS, March 2002


THE FLEMING AMERICAN INVESTMENT TRUST plc

                                                                   %
BY SECTOR                              

Financials                                                       23.8
Non-cyclical consumer goods                                      15.9
General Industrials                                              11.3
Cyclical Services                                                13.8
Information technology                                            9.7
Non-cyclical services                                             5.0
Assets/liabilities                                                8.2
Resources                                                         6.6
Utilities                                                         2.9
Cyclical consumer goods                                           1.8
Basic industrials                                                 1.0
Total                                                           100.0


BY TERRITORY                                                       %


North America                                                    91.6 *
United Kingdom                                                    0.2
Assets/Liabilities                                                8.2


Total                                                             100


TEN LARGEST INVESTMENTS
                                                             
JPMF American Micro Cap Fund                                      3.4
Citigroup                                                         2.9
Microsoft                                                         2.7
Pfizer                                                            2.6
General Electric                                                  2.5
Exon Mobil                                                        2.4
IBM                                                               2.0
American International                                            1.8
Fleming US Dicovery Fund                                          1.8
Verizon                                                           1.4
                                                                 23.5




                      This information is provided by RNS
            The company news service from the London Stock Exchange