Final Results

Fleming Asian Investment Trust PLC
27 November 2000



           THE FLEMING ASIAN INVESTMENT TRUST PLC
                              
The  Company  today announces its unaudited results  for
the year to 30 September 2000.

The  Company's  fully diluted net asset  value  per
ordinary share in sterling terms has increased by 35.1%
(capital only) over   the   year   to   30  September   2000
significantly outperforming  the  Company's benchmark, the
Morgan  Stanley Composite  Asia Free Index ex Japan in
sterling terms,  which fell by 1.9% over the same period.

Over  this period the ordinary share price increased by
48.8% as  the  discount at which the Company trades  to  its
fully diluted net asset value reduced from 17.3% to
9.0%.

The Directors are not recommending a dividend payment for
the current year.


For further information:

Fraser Easton                 020 7742 6000
For and on behalf of
Chase Fleming Asset Management (UK) Limited


THE FLEMING ASIAN INVESTMENT TRUST PLC UNAUDITED FIGURES FOR THE YEAR ENDED
30TH SEPTEMBER 2000
                                        2000      1999 (1)
                                       £'000     £'000
REVENUE
Income

     Franked dividends                    132       48
     Overseas dividends                 2,597    2,008
     Scrip dividends                      198      379
     Deposit interest                     460       97
     Stock lending fees                    22       24
                                        _____    _____
Gross Revenue                           3,409    2,556

Less Management fee                     1,426      709
     Other administrative expenses        455      293
     Interest payable                   1,977      391
                                       ______    _____
Return before Taxation                  (449)    1,163

Less Taxation                             134      293
                                        _____    _____
Return attributable to ordinary         (583)      870
shareholders                             ====     ====


Dividend per ordinary share               nil    0.50p

1 Restated to comply with FRS16

                                       2000       1999

                                       £'000     £'000

CAPITAL
                                    
Return attributable to ordinary
shareholders                           48,686    60,033
                                        =====    =====

Revenue return per ordinary share    (0.36) p   0.53 p
Capital return per ordinary share     29.76 p  36.27 p
Total return per ordinary share       29.40 p  36.80 p


BALANCE SHEET                           2000     1999

                                        £'000    £'000

Investments at valuation              192,593   141,250

Net current assets                     20,637     3,887

Total assets less current             213,230   145,137 
liabilities


Creditors: amounts falling due         30,000    10,031
after one year

Total Net Assets                      183,230    135,106

                                        
Undiluted net asset value             112.0p      82.6 p 
per ordinary share

Fully diluted net asset value          111.6p      82.6 p 
per share


CASH FLOW STATEMENT
                                        2000       1999
                                       £'000      £'000


Net cash inflow from operating           850        961
activities

Net cash outflow from returns on
investments and servicing of finance  (2,535)      (134)

Total tax recovered / (paid)             335       (229)

Net cash outflow from capital
expenditure and financial investment  (2,857)   (13,332)

Total equity dividends paid                 -    (1,166)

Net cash inflow from financing         20,021      8,053
                                        
Increase/(decrease)in cash             15,814     (5,847)
in the period                            


The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985. The comparative  financial 
information  is  based on  the statutory  accounts for the year ended
30th  September  1999. These accounts, upon which the auditors issued an
unqualified opinion, have been delivered to the Registrar of Companies.

CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED