Purchase of Own Securities

FLEMING ASIAN INVESTMENT TRUST PLC
13 August 1999


                                  
               THE FLEMING ASIAN INVESTMENT TRUST PLC
                                  
           REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The Fleming Asian Investment Trust plc announces that today in the
market they purchased for cancellation 250,000 ordinary shares at
67.25p per share. Representing in total 0.15% of the ordinary shares
in issue.

The number of shares repurchased to date now totals 2,395,000
representing 1.43% of the ordinary shares in issue at the time of
commencement of the repurchase programme.

The remaining shares in issue following this announcement is
164,107,704

For further information, please contact:

Liz Hayman (Company Secretary)
Caroline Henry(Assistant Company Secretary)
Fleming Investment Trust Management Limited.....0171 638 5858

Angus Gordon Lennox
Cazenove & Co. - Stockbrokers to the Company....0171 588 2828