AGM Statement

JPMorgan Fleming Eur Fldglng IT PLC
26 July 2004


                           STOCK EXCHANGE ANNOUNCEMENT


                     JPMORGAN FLEMING EUROPEAN FLEDGELING
                              INVESTMENT TRUST PLC


Following the Annual General Meeting of the Company which was held on Friday
23rd July 2004, the Board are pleased to announce that all the resolutions put
to shareholders were passed, including a special resolution which will allow the
Company to make market purchases of ordinary shares up to a maximum number of
8,172,025 representing 14.99% of the Company's issued ordinary share capital.



26th July 2004



For further information, please contact:


Jonathan Latter (Company Secretary)

J.P. Morgan Fleming Asset Management (UK) Ltd ....................020 7742 6000






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