Final Results

Fleming Chinese Inv Tst PLC
30 October 2001



                   THE FLEMING CHINESE INVESTMENT TRUST PLC


30 October 2001


Unaudited results - year to 30 September 2001

The Directors have today announced the unaudited final results for the
financial year to 30 September 2001.

The net asset value per share as at 30 September 2001 was 49.1 pence.  This
compares with 83.6 pence as at 30 September 2000 representing a decrease of
41.1%.  The comparator index which is used by the Company is a composite index
expressed in sterling terms and comprises 40% Hang Seng Index, 40% Taiwan
Weighted Index and 20% BNP Prime Peregrine China Index.  This composite index
decreased by 37.6% over the year to 30 September 2001.

Earnings per share have fallen from -0.17 pence in 2000 to -0.24 pence this
year. The Directors do not recommend that any dividend be paid to shareholders
for the year ended 30 September 2001.

The Directors have also agreed to change the Company's benchmark to the MSCI
Golden Dragon Provisional Index with effect from the beginning of the
financial year (1 October 2001), with the aim of moving to the MSCI Golden
Dragon Full Index when it is implemented.  This is because it is a more
appropriate benchmark for the Company.



Hilary Lowe

J.P. Morgan Fleming Asset Management (UK) Limited...........020 7742 3274



                    THE FLEMING CHINESE INVESTMENT TRUST PLC
            UNAUDITED FIGURES FOR THE -YEAR END 30TH SEPTEMBER 2001


                                                              2001         2000
                                                             £'000        £'000
Revenue

Income
           Franked dividends                                   134            -
           Overseas dividends                                  487          645
           Scrip dividends                                     103          340
           Deposit interest                                     24           18
           Stock lending fees                                    -            6
                                                             _____
Gross Revenue                                                  748        1,009


Less       Management fee                                      510          584
           Other administrative expense                        274          317
           Interest payable                                     58          152
                                                             _____
Return before Taxation                                        (94)         (44)


Less       Taxation                                             46           58

Return attributable to ordinary shareholders                 (140)        (102)

                                                             =====        =====

Dividend per ordinary share                                    Nil          Nil


                                                              2001         2000
                                                             £'000        £'000

CAPITAL

                                                           _______     ________
Return attributable to ordinary shareholders              (19,985)       15,754
                                                            ======       ======


Revenue return per ordinary share                          (0.24)p      (0.17)p
Capital return per ordinary share                         (34.13)p       26.53p
Total return per ordinary share                           (34.37)p       26.36p
                                                            ======        =====




                   THE FLEMING CHINESE INVESTMENT TRUST PLC
            UNAUDITED FIGURES FOR THE -YEAR END 30TH SEPTEMBER 2001


BALANCE SHEET

                                                                   2001    2000
                                                                  £'000   £'000


Investments at valuation                                         28,075  50,193

Net current assets/(liabilities)                                    529 (1,197)


                                                                ______

Total Net Assets                                                 28,604  48,996

                                                                  =====   =====


Fully-diluted net asset value per ordinary share                  49.2p   83.6p
Undiluted net asset value per ordinary share                      49.2p   83.6p


CASH FLOW STATEMENT

                                                                   2001    2000
                                                                  £'000   £'000


Net cash outflow from operating activities                        (250)   (340)

Net cash outflow from returns on investment and servicing of       (58)   (152)
finance

Total tax recovered                                                  59     116

Net cash inflow from capital expenditure and financial            2,600     934
investment

Total equity dividends paid                                           -    (60)

Net cash outflow from financing                                 (2,832)   (115)

(Decrease)/increase in cash in the period                         (481)     383

                                                                  =====   =====


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 2000. These accounts, upon which the auditors issued an unqualified
opinion, have been delivered to the Registrar of Companies.


JP MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED


30  October 2001