Transaction in Own Shares

JPMorgan Fleming Claverhouse IT PLC
11 May 2006


                          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 22,000 ordinary shares at 524.72 pence
per share representing 0.035% 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 314,000 shares have been repurchased
under this authority.

The remaining shares in issue following this repurchase total 62,627,135.


11th May 2006


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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