Interim Results

Fleming Chinese Inv Tst PLC
22 May 2001




                   THE FLEMING CHINESE INVESTMENT TRUST PLC

             INTERIM RESULTS FOR THE SIX MONTHS TO 31 MARCH 2001



The Board of The Fleming Chinese Investment Trust plc have today announced the
unaudited interim results for the six months to 31 March 2001.



Over the period the net asset value fell by 13.4% to 72.4p (83.67p - 30
September 2000), as the markets of the Greater China region were affected
adversely by uncertainties over the future direction of the US economy and a
global sell off in technology, media and telecom stocks.  Since the end of
March there have been some positive signs and the Investment Manager expects
the investment climate to improve over the balance of the year.





As in the previous year, no interim dividend will be paid.




J.P. Morgan Fleming Asset Management Ltd (UK) Limited
Secretary
22 May 2001





For further information please contact Hilary Lowe....... 020 7742 3274









                       FLEMING CHINESE INVESTMENT TRUST
UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31ST MARCH 2001




                                                               2001        2000
                                                              £'000       £'000

REVENUE


Income

Franked dividends                                                87          56
Unfranked dividends                                             118         274
Scrip dividends                                                   5         153
Deposit interest                                                 15           3
Stock lending fees                                                -           3
                                                            _______     _______
Gross Revenue                                                   225         489

Less:
Management fee                                                  268         257
Other administrative expenses                                   114         147
Interest payable                                                 24          61
                                                            _______     _______
Return before Taxation                                        (181)          24

Less:  Taxation                                                   7          17
                                                            _______     _______
Return available to ordinary shareholders                     (174)           7
                                                              =====       =====

                                                               2001        2000
                                                              £'000       £'000

CAPITAL


Movements on investments                                    (6,375)      26,346
                                                            _______     _______
Return attributable to ordinary shareholders                (6,375)      26,346
                                                              =====       =====
Dividends per ordinary share                          Nil           Nil

Revenue return per ordinary share                           (0.30)p       0.01p
Capital return per ordinary share                          (10.99)p      43.82p
Total return per ordinary share                            (11.29)p      43.83p
                                                              =====       =====








                       FLEMING CHINESE INVESTMENT TRUST
UNAUDITED FIGURES FOR THE HALF-YEAR ENDED 31ST MARCH 2001




                                                                  2001    2000
                                                                 £'000   £'000

BALANCE SHEET


Investments at valuation                                        42,829  60,944

Net current liabilities                                          (382) (1,240)
                                                               _______ _______
Total net assets                                                42,447  59,704
                                                                 =====   =====
Net asset value per ordinary share                               72.4p  101.5p

CASH FLOW STATEMENT
                                                                  2001    2000
                                                                 £'000   £'000

Net cash outflow from operating activities                       (245)   (212)

Net cash outflow from returns on servicing of finance             (24)    (61)

Total tax recovered                                                 59       -

Net cash inflow from capital expenditure and financial           1,260     272
investment

Equity dividends paid                                                -    (60)

Net cash (outflow)/inflow from financing                       (2,565)     669
                                                               _______  ______
(Decrease)/increase in cash for the period                     (1,515)     608
                                                                 =====    ====





The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985.  Statutory accounts for the
period ended 30th September 2000 have been delivered to the Registrar of
Companies.



JP MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED