Holding in Company

Fleming Emerging Mkts Inv Tst PLC
24 July 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

BAE SYSTEMS

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

BAE SYSTEMS PENSION FUNDS CIF TRUSTEES LTD     4,424,505
BAE SYSTEMS 2000 PENSION PLAN TRUSTEES LTD       500,000

5)   Number of shares/amount of stock acquired.

500,000

6)   ( 0.54% ) of issued Class

7)   Number of shares/amount of stock disposed


8)   ( N/A %) of issued Class

9)   Class of security

Ordinary Shares of 25p

10)  Date of transaction

Not Stated

11)  Date company informed

21-Jul-00

12)  Total holding following this notification

4,924,505
               
              
13)  Total percentage holding of issued class following this notification

5.37%

14)  Any additional information


15)  Name of contact and telephone number for queries

LINDA FIELD    
0207 880 3426

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ......24-Jul-00...............................