Elisabeth Airey Appointed Non-Executive Director

Fleming Eur Fledgeling Inv Tst PLC
11 January 2000



    THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC
                              
                Appointment of a New Director
                              
                              
The  Company  is  pleased to announce the appointment  of
Elisabeth  Airey as a Non-Executive Director with  effect
from  10th  January 2000. Ms. Airey was formerly  Finance
Director of Monument Oil and Gas plc.

The  information required by section 16.4 of  the  London
Stock  Exchange  Listing Rules will be  submitted  within
fourteen days of appointment.

Jonathan Latter
Fleming Investment Trust Management Limited
0171 638 5858