Interim Results - 6 Months to 31 December 1999

Fleming Emerging Markets Investment Trust PLC
4 February 2000

                            
    THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC

  Half Yearly Report for Six Months Ended 31st December
                          1999

London, 3rd February, 2000

The  Fleming Emerging Markets Investment Trust Plc  today
announced  its  results  for the six  months  ended  31st
December, 1999.

There was an increase in net assets of 26.7% compared  to
the position on 30th June 1999.  The benchmark index, the
MSCI  Emerging  Markets Free Index, rose 16.4%  over  the
same period.

Commenting  on  the results, the Chairman, Roger  Murray,
stated:

'The   investment   environment  has  been   dramatically
transformed from that which we experienced a year ago.  A
broad recovery in emerging markets continues apace, and I
am  very pleased to report that the Net Asset Value (NAV)
of  your  Company has now appreciated by over 87%  during
the  last twelve months. This performance is due in  part
to  the  improving  conditions in markets,  but  also  in
significant   measure  to  strong  performance   by   our
investment managers over the period.'

The share price of 154.3 pence represents a 100% increase
on the share price of 77 pence as at 31 December 1998.

The  interim statement (unaudited) for the six months  to
31st  December 1999, will be sent to shareholders on 23rd
March 2000, and copies will be available to the public at
the  registered office, 20 Finsbury Street, London,  EC2Y
9AQ after that date.


For further information, please contact:

Linda Field
Fleming Investment Trust Management Limited 0171 880 3426
                            
                            
                            
    THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
 UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31ST DECEMBER
                          1999

                                       1999      1998

                                       £'000     £'000

REVENUE

Income

     Franked dividends                     40        -
     Overseas dividends                   851    1,085
     Overseas interest                               -
     Scrip dividends                      146       81
     Deposit interest                      57      176
     Stock lending fees                    22       16
                                        _____    _____
Gross Revenue                           1,116    1,358

Less Management fee                       969      943
     Other administrative expenses        288      126
     Interest payable                     602      794
                                       ______    _____
Return before Taxation                  (743)    (505)

Less Taxation                             126       63
                                        _____    _____
Transfer to reserves                    (869)    (568)
                                         ====     ====



                                         1999     1998

                                       £'000     £'000

CAPITAL


                                       ______   ______
Return attributable to ordinary 
shareholders                           37,818  (20,408)
                                        =====    =====

Revenue return per ordinary share    (0.93) p (0.59) p
Capital return per ordinary share     40.29 p(21.15) p
Total return per ordinary share       39.36 p(21.74) p


At 31 December 1999

Total Net Assets (£'000)              178,829   97,988
Net Asset Value per Ordinary Share    192.4 p  102.8 p




    THE FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
 UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31ST DECEMBER
                          1999
                            
                            
CASH FLOW STATEMENT
                                        1999     1998

                                       £'000     £'000


Net cash inflow from operating activities  54      263

Net cash outflow from returns on investments and
     servicing of finance               (583)    (782)

Total tax recovered                       702        -

Net cash (outflow)/inflow from capital expenditure
     and financial investment         (6,613)    8,777


Net cash outflow from financing       (2,225)  (1,328)
                                        _____    _____
(Decrease)/increase in cash in the period(8,665) 6,930
                                         ====     ====



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 1999 have been delivered to the Registrar
of Companies.