Interim Results

Fleming Emerging Mkts Inv Tst PLC
2 February 2001



               THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

         Half Yearly Results for Six Months Ended 31st December 2000

London, 2nd February, 2001

The Fleming Emerging Markets Investment Trust Plc today announced its results
for the six months ended 31st December, 2000.



There was a decrease in net assets of 26.4% compared to the position on 30th
June 2000. The benchmark index, the MSCI Emerging Markets Free Index, fell
23.6% over the same period.



The interim statement (unaudited) for the six months to 31st December 2000,
will be sent to shareholders on 1st March 2001, and copies will be available
to the public at the registered office, 10 Aldermanbury, London, EC2V 7RF
after that date.



For further information, please contact:


Linda Field

Chase Fleming Asset Management (UK) Limited........020 7742 3426



               THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

             UNAUDITED FOR THE HALF YEAR ENDED 31st DECEMBER 2000


                                                                  2000     1999
                                                                 £'000    £'000
REVENUE

Income

       Franked dividends                                             -       40
       Overseas dividends                                          767      851
       Script interest dividends                                    35      146
       Deposit                                                     301       57
       Stock lending fees                                           10       22

Gross Revenue                                                    1,113    1,116


Less   Management fee                                            1,108      969
       Other administrative expenses                               252      288
       Interest payable                                            955      602

Return before Taxation                                         (1,202)    (743)


Less   Taxation                                                     94      126

 Transfer from reserves                                        (1,296)    (869)

                                                                  ====     ====


                                                                  2000     1999
                                                                 £'000    £'000
CAPITAL

Return attributable to ordinary shareholders                  (45,921)   37,818

                                                                  ====     ====

Revenue return per ordinary share                             (1.41) p (0.93) p
Capital return per ordinary share                             (50.09)p  40.29 p
                                                                     
Total return per ordinary                                     (51.50)p  39.36 p
                                                                   

At 31st December 2000


Total Net Assets (£'000)                                       131,742  178,829

Net Asset Value per Ordinary Share                             143.7 p  154.3 p




               THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

         UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31st  DECEMBER 2000


CASH FLOW STATEMENT
                                                                  2000     1999


                                                                 £'000    £'000


Net cash (outflow)/inflow from operating activities               (72)       54


Net cash outflow from returns on investment and                  (955)    (583)
servicing of finance


Total tax recovered                                                  8      702


Net cash inflow/(outflow) from capital expenditure and           4,586  (6,613)
financial investment


Net cash outflow from financing                                (2,990)  (2,225)



Increase/(decrease) in cash in the period                          577  (8,665)
                                                                  ====     ====


The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985.  Statutory accounts for the
year ended 30th June 2000 have been delivered to the Registrar of Companies.

CHASE FLEMING ASSET MANAGEMENT (UK) LIMITED


2 February 2001