Holding in Company

Fleming Eur Fledgeling Inv Tst PLC
24 July 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

The Fleming European Fledgeling Investment Trust plc

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

Robert Fleming Holdings Ltd                         1,726,320

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

In respect of shareholder in 2 above

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

Lochside Nominees Ltd                               1,726,320

5)   Number of shares/amount of stock acquired.

Not stated

6)   (0.00%) of issued Class

7)   Number of shares/amount of stock disposed

Not stated

8)   (0.00%) of issued Class

9)   Class of security

Ordinary Shares of 25p

10)  Date of transaction

Not stated

11)  Date company informed

24-Jul-00

12)  Total holding following this notification

1,726,320
               
              
13)  Total percentage holding of issued class following this notification

2.82%

14)  Any additional information

Following this Notification the Aforementioned Company no longer holds a 
Notifiable Interest

15)  Name of contact and telephone number for queries

Jonathan Latter 0207 880 3408

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ...24-Jul-00