Further re Issue of Debt

Fleming Claverhouse Inv Trust PLC
19 June 2000

      
THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
      
      Issue of £30,000,000 Secured Bonds due 2020
       
      
Further to today's earlier press release:
- the interest rate on the bonds is 7% p.a.
- the issue price is £98.837 per £100 nominal of bonds
- at the issue price, the gross redemption yield  on
  the bonds is 7.112 per cent semi annual.



For further information, please contact:
Fleming Investment Management Limited     
Jonathan Latter 020 7880 3408
Cazenove & Co.
Duncan Hunter 020 7588 28 28


Stabilisation notice:  In connection with  the
issue  of the  Bonds,  Cazenove  &  Co. may  over-
allot  or  effect transactions which stabilise or
maintain the market price of  the  Bonds  at  a
level which  might  not  otherwise prevail.   Such
stabilising,  if  commenced,   may   be discontinued
at any time.