Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
31 January 2007



                          STOCK EXCHANGE ANNOUNCEMENT





               JPMORGAN FLEMING CLAVERHOUSE INVESTMENT TRUST PLC





                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION





JPMorgan Fleming Claverhouse Investment Trust plc announces that today in the
market they purchased for cancellation 60,000 ordinary shares at 541 pence per
share representing 0.1% of the ordinary shares in issue.



The current repurchase authority for 9,434,876 shares was approved by
shareholders on 27th April 2006.  To date 2,047,590 shares have been repurchased
under this authority.



The remaining shares in issue following this repurchase total 60,893,545.








31st January 2007



For further information, please contact:

Jonathan Latter
JPMorgan Asset Management (UK) Limited, 020 7742 6000

Shamus Henderson
Cazenove Global Equities- Stockbrokers to the Company
0207 155 8122








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