Final Results

Fleming Emerging Mkts Inv Tst PLC
7 September 2001


              THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

                  Results For the Year Ended 30th June, 2001


London, 7th September, 2001

The Fleming Emerging Markets Investment Trust plc today announced its results
for the year ended 30th June, 2001.

There was a fall in net assets of 26.4% over the year compared to a fall in
the benchmark index, the MSCI Emerging Markets Free Index in Sterling terms,
of 20.2%.

As the Company continues to focus on capital gain rather than income, there is
a modest revenue loss.  No dividend is payable.

For further information, please contact:

Linda Field, Company Secretary

Fleming Emerging Markets Investment Trust plc.. 0207 7742 6000

              THE FLEMING  EMERGING MARKETS INVESTMENT TRUST PLC
             UNAUDITED FIGURES FOR THE YEAR ENDED  30TH JUNE 2001

                                                              2001         2000
                                                             £'000        £'000

REVENUE


Income

Franked Investment income                                        -           36
Overseas dividends                                           2,064        2,517
Scrip dividends                                                109          490
Stock lending fees                                              10           49
Deposit interest                                                49           65
                                                           _______      _______
Gross Revenue                                                2,232        3,157

Less:
Management fee                                               2,106        2,199
Other administrative expenses                                  562          509
Interest payable                                             1,340        1,273
                                                           _______      _______
Return before Taxation                                     (1,776)        (824)

Less:  Taxation                                                216          230
                                                           _______      _______
Return available to ordinary shareholders                  (1,992)      (1,054)
                                                             =====        =====

                                                              2001         2000
                                                             £'000        £'000

CAPITAL

Return attributable to ordinary shareholders              (46,826)       40,131
                                                             =====        =====
Dividends per ordinary share                                   Nil          Nil

Revenue return per ordinary share                         (2.17) p     (1.14) p
Capital return per ordinary share                         (51.12)p      43.22 p
Total return per ordinary share                           (53.29)p      42.08 p
                                                             =====        =====

              THE FLEMING  EMERGING MARKETS INVESTMENT TRUST PLC
             UNAUDITED FIGURES FOR THE YEAR ENDED  30TH JUNE 2001

                                                                   2001    2000
                                                                  £'000   £'000

BALANCE SHEET


Investments at valuation                                        143,317 196,511

Net current assets/(liabilities)                                  3,622 (1,669)

Net non current liabilities                                    (17,095) (15,883)

                                                                _______ _______
Total net assets                                               129,844  178,959 
                                                                  =====   =====
Net asset value per ordinary share                               142.0p  195.2p

CASH FLOW STATEMENT
                                                                   2001    2000
                                                                  £'000   £'000

Net cash outflow from operating activities                        (587)   (270)

Net cash outflow from returns on servicing of finance           (1,340) (1,831)

Total tax recovered                                                 151   1,046

Net cash inflow/(outflow) from capital expenditure and            8,147 (5,125)
financial investment

Net cash outflow from financing                                 (3,214) (1,677)
                                                                _______  ______
Increase/(decrease) in cash for the period                        3,157 (7,857)
                                                                  =====    ====


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 30th June
2000. These accounts, upon which the auditors issued an unqualified opinion,
have been delivered to the Registrar of Companies.

JP Morgan Fleming Asset Management -

7th September 2001