Investment Policy

JPMorgan Fleming Emerge Mkts IT PLC
20 October 2003

  
                         STOCK EXCHANGE ANNOUNCEMENT

             JPMORGAN FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
 
                     ANNOUNCEMENT OF INVESTMENT POLICY



Following the publication by The Financial Services Authority of the Investment
Entities (Listing Rules and Conduct of Business) Instrument 2003, the Board of
JPMorgan Fleming Emerging Markets Investment Trust plc (the 'Company') announces
that it is the Company's policy to invest no more than 15% of its gross assets
in other listed investment companies (including listed investment trusts).


20th October 2003



J.P. Morgan Fleming Asset Management (UK) Limited - Secretary


For further information, please contact:


Philip Jones................................... 020 7742 7214




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