Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
24 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
yesterday in the market they purchased for cancellation 50,000 ordinary shares
at 157p per share representing 0.09% of the ordinary shares in issue.



The number of shares repurchased to date now totals 5,351,303.



The remaining shares in issue following this repurchase total 57,191,517.







24th  September 2002



For further information, please contact:



Hilary Lowe  (Company Secretary)

JP Morgan Fleming Asset Management (UK) Limited, 020 7742 3274



Nick Corke

Credit Lyonnais Securities Europe (UK) -

Stockbrokers to the Company, 020 7214 5576








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