Purchase of Own Securities

FLEMING EMERGING MARKETS INVESTMENT TRUST PLC
12 October 1999
                              
       REPURCHASE OF ORDINARY SHARES FOR CANCELLATION
                              
The   Fleming  Emerging  Markets  Investment  Trust   plc
announces  that  today in the market they  purchased  for
cancellation  140,000  ordinary shares  at  109.657p  per
share representing 0.15% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
3,845,000  representing 3.97% of the ordinary  shares  in
issue  at  the  time  of commencement of  the  repurchase
programme.

The remaining shares in issue following this notification is
93,009,218.

L.E. Field
For and on behalf of
Fleming Investment Trust Management Limited - Secretary

12th October 1999

For further information, please contact:

Linda Field
Fleming Investment Trust Management Limited 0171 638 5858

George Kershaw
Credit Suisse First Boston - Stockbrokers to the Company 0171 888 0017