Holding(s) in Company

Fleming Asian Investment Trust PLC
22 January 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

THE FLEMING ASIAN INVESTMENT TRUST plc

2)   Name of shareholder having a major interest

J P MORGAN CHASE & CO

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them


JP MORGAN FLEMINGS ASSET MANAGEMENT: 16,430,341
CHASE FLEMING PRIVATE WEALTH MANAGEMENT  LIMITED: 4,707,188
JP MORGAN  ASSET MANAGEMENT SERVICES (LONDON): 1,992,000

5)   Number of shares/amount of stock acquired

NOT STATED

6)   Percentage of issued class

NOT STATED

7)   Number of shares/amount of stock disposed

NOT STATED

8)   Percentage of issued class

NOT STATED

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

NOT STATED

11)  Date company informed

22ND   JANUARY 2002

12)  Total holding following this notification

23,129,529

13)  Total percentage holding of issued class following this notification

14.13%



14)  Any additional information



15)  Name of contact and telephone number for queries

HILARY LOWE 0207-742-3274

16)  Name of authorised company official responsible for making this
notification

HELEN WALKER 0207-742-3453


17) Date of notification

  22ND   JANUARY 2002



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