Sector/Geographical Breakdown

Fleming Eur Fledgeling Inv Tst PLC
9 April 2002


SECTOR/GEOGRAPHIC BREAKDOWNS BY % AND TEN LARGEST INVESTMENTS, March 2002

THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST plc

                                                                      %
BY SECTOR

Financials                                                          17.4
Cyclical Services                                                   17.0
General Industrials                                                 21.5
Non Cyclical Consumer Goods                                         11.2
Information Technology                                               5.2
Cyclical Consumer Goods                                              4.8
Basic Industries                                                    12.3
Assets/Liabilities                                                   4.3
Non Cyclical Services                                                4.3
Utilities                                                              -
Resources                                                            2.0

Total                                                                100


BY TERRITORY                                                          %

France                                                              10.8
Sweden                                                               8.5
Germany                                                             10.6
European Funds                                                       7.1
Italy                                                               11.8
Switzerland                                                          8.8
Holland                                                              7.7
Spain                                                                4.0
Eire                                                                 4.0
Assets/Liabilities                                                   4.3
Denmark                                                              4.3
Finland                                                              7.7
Norway                                                               4.4
Belgium                                                              3.6
                                                              
Other                                                                2.4

Total                                                                100


TEN LARGEST INVESTMENTS

Fleming Frontier Euro Discovery Fund                                 7.1
Credito Emil                                                         1.3
Coloplast                                                            1.3
Micronas Semi                                                        1.6
Bank Sarasin                                                         1.5
Permasteeli                                                          1.6
Rhoen Klinikum                                                       1.3
V Der Mool                                                           1.4
Buzzi Unicem                                                         1.4
Davide Campari                                                       1.3
                                                             
Total                                                               19.8



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