Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
29 November 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 250,000 ordinary shares
at 169p per share representing 0.44% of the ordinary shares in issue.

The number of shares repurchased under the current authority now totals
1,050,000.

The remaining shares in issue following this repurchase total 56,691,517.

29th November 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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