Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
19 September 2002






                          STOCK EXCHANGE ANNOUNCEMENT

           JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC


                 REPURCHASE OF ORDINARY SHARES FOR CANCELLATION




JPMorgan Fleming European Fledgeling Investment Trust plc announces that today
in the market they purchased for cancellation 50,000 ordinary shares at 158p per
share representing 0.08% of the ordinary shares in issue.



The number of shares repurchased to date now totals 5,301,303.



The remaining shares in issue following this repurchase total 57,241,517.







19th September 2002



For further information, please contact:



Fraser Easton  (Company Secretary)

JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3425



Nick Corke

Credit Lyonnais Securities Europe (UK) -

Stockbrokers to the Company, 020 7214 5576








                      This information is provided by RNS
            The company news service from the London Stock Exchange