Final Results

Fleming Claverhouse Inv Trust PLC
22 February 2001

                 THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC


The Company today announced its preliminary results for the year ended 31st
December 2000.

Net asset value per share decreased by 6.5% to 498.6 pence compared to a
decrease in the Company's benchmark, the FTSE All-Share Index, of 8.0% (Source:
Datastream).

The Company's share price decreased by 4.5% to 518 pence per ordinary share.

The fourth quarterly dividend of 2.70 pence per ordinary share, which was
announced on 30th January 2001, brought the total dividend for the year to 7.80
pence, an increase of 6.8% over 1999.


The Company will hold its Annual General Meeting at The Chester Grosvenor
Hotel, Eastgate, Chester CH1 1LT on Thursday 26th April 2001 at 12.30 pm.


Chase Fleming Asset Management (UK) Limited - Secretary.
22nd February 2001
For further information contact:       Jonathan Latter           020 7742 6000



                 THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC

           UNAUDITED FIGURES FOR THE YEAR ENDED 31ST DECEMBER 2000


                                             2000          1999

                                             £'000         £'000
REVENUE

Income

               Franked dividends              7,856         6,607
               Unfranked interest                 2             -
               Foreign income dividends           -            42
               Scrip dividends                  237           366
               Deposit interest                 541            19
               Underwriting commission            3             5
               Stock lending fees (net)          17             6
                                              _____         _____
Gross Revenue                                 8,656         7,045

Less    Management fee                          965           767
              Other administrative expenses     291           248
              Interest payable                1,359         1,035
                                              _____         _____
Return before Taxation                        6,041         4,995

Less     Taxation                               107             5
                                              _____         _____
Return available to ordinary shareholders     5,934         4,990
                                               ====          ====


                                            2000        1999

                                           £'000       £'000

CAPITAL

Movements on investments                 (20,296)     64,574
Less: Expenses charged to Capital          1,793       1,425
Less: Interest charged to Capital          2,524       1,921
Less: Performance fee charged to Capital     285           -
                                           _____      _____
Return before Taxation                   (24,898)     61,228

Taxation                                     107           5
                                           _____      _____
Return attributable to ordinary          (24,791)     61,233
shareholders
                                           =====       ====

Dividends per ordinary share                7.80 p       7.30 p
Cost of dividends per ordinary share (£     5,423        4,595
'000)

Revenue return per ordinary share           8.75 p       7.96 p
Capital return per ordinary share         (36.53)p      97.72 p
Total return per ordinary share           (27.78)p     105.68 p




                 THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC

           UNAUDITED FIGURES FOR THE YEAR ENDED 31ST DECEMBER 2000



BALANCE SHEET
                                                      2000       1999

                                                     £'000      £'000

Investments at valuation                           408,096    373,381

Debtors                                              3,306        744

Cash and short term deposits                         6,362         39

Creditors: amounts falling due within one year      (6,343)    (6,259)

Creditors: amounts falling due after more than     (59,334)   (29,642)
one year
                                                   _______     _______
Total net assets                                   352,087    338,263
                                                    =====       =====

Net asset value per ordinary share                  498.6p     533.5p



CASH FLOW STATEMENT
                                                    2000            1999

                                                   £'000           £'000


Net cash inflow from operating activities          5,056           4,167

Net cash outflow from returns on investments
and
                                                  (3,246)         (2,110)
servicing of finance

Total tax paid                                         -            (165)

Net cash outflow from capital expenditure
and financial investment                         (54,237)         (4,141)

Total equity dividends paid                       (4,912)         (4,841)

Net cash inflow from financing                    63,605           7,129
                                                   _____           _____
Increase in cash for the year                      6,266              39
                                                    ====           ====



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 31st December
1999.  These accounts, upon which the auditors issue an unqualified opinion,
have been delivered to the Registrar of Companies.


CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED


22nd February 2001