Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
16 August 2002





                          STOCK EXCHANGE ANNOUNCEMENT



           JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC



                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




The Fleming European Fledgeling Investment Trust plc announces that today in the
market they purchased for cancellation 450,000 ordinary shares at 173p per share
representing 0.78% of the ordinary shares in issue.



The number of shares repurchased to date now totals 5,251,303.



The remaining shares in issue following this repurchase total 57,291,517.







16th August 2002



For further information, please contact:



Jonathan Latter  (Company Secretary)
JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3408



Nick Corke
Credit Lyonnais Securities Europe (UK) -
Stockbrokers to the Company, 020 7214 5576










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