Dividend Declaration

Fleming Claverhouse Inv Trust PLC
20 July 2001

                 The Fleming Claverhouse Investment Trust plc


Second quarterly interim dividend


The Directors have declared that a second quarterly interim dividend of 2.00
pence per share for the year ending 31st December 2001 will be paid on 3rd
September 2001 to shareholders on the register at close of business on 10th
August 2001.


For further information:

Jonathan Latter

JPMorgan Fleming Asset Management (UK) Limited             020 7742 6000

20th July 2001