Purchase of Own Securities

JPMorgan Fleming Eur Fldglng IT PLC
08 April 2003






                          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, on 4th
April 2003, in the market they purchased for cancellation 150,000 ordinary
shares at 148p per share representing 0.27% of the ordinary shares in issue.



The number of shares repurchased under the current authority now totals
3,225,000.



The remaining shares in issue following this repurchase total 54,516,517.







8th April 2003





For further information, please contact:



Jonathan Latter  (Company Secretary)
J.P. 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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