Final Results

FLEMING OVERSEAS INVESTMENT TRUST PLC
7 September 1999

                          
The Fleming Overseas Investment Trust plc today
announced its results for the year ended 30 June
1999.

The net asset value per ordinary share rose by 21.9%
over the  year compared with the 22.7% recorded by the
FT/S&P Actuaries World (ex UK) Index in sterling
terms  (capital only), the Company's performance
benchmark.

Revenue available for ordinary shareholders fell by
35.9% compared  to  the year to 30 June 1998. The
major  reason for this decrease has been the
reduction in assets due to the Company's share buy
back policy.

The  Directors  have  declared,  subject  to
shareholder approval  at the Annual General Meeting,
a final dividend of 2.45  pence per ordinary share,
such dividend  to  be paid  on  2 November 1999 to
shareholders on the register of members at close of
business on 8 October 1999.
The  Annual Report and Accounts for the year to  30
June 1999 will be sent to shareholders on 27
September 1999 at the latest and copies will be
available to the public  at the  registered office,
20 Finsbury Street, London,  EC2Y 9AQ after that
date.

The  Annual  General Meeting will be held on
Tuesday  26 October  1999  at  12.00  noon  at  The
Insurance  Hall, Aldermanbury, London EC2V 7HY.

For further information, please contact:

Liz Hayman
Peter Harrison
Fleming Overseas Investment Trust plc 0171 638 5858

   THE FLEMING OVERSEAS INVESTMENT TRUST PLC
   UNAUDITED FIGURES FOR THE YEAR ENDED 30TH JUNE
   1999
                                 1999           1998
                               £'000           £'000
REVENUE

Income

Franked dividends                734          1,151
Scrip dividends                   38             55
UK unfranked dividends         2,707          3,426
Overseas dividends             8,773          9,661
Overseas interest                 62            734
Deposit interest               1,765          1,458
Stocklending fees                 65             80
                              _____           _____
Gross Revenue                 14,144         16,565
Less Management fee            3,024          3,672
Other administrative expenses    436            396
Interest payable               6,444          6,397
                                ______       _____
Return before Taxation         4,240          6,100

Less Taxation                  1,454          1,747
                                _____          _____
Return after Taxation          2,786          4,353

Less Dividends on preferred
shares                            13             26
                                 _____       _____

Return available to ordinary
shareholders                   2,773          4,327
                                ====          ====

CAPITAL

Return available to ordinary
shareholders                  115,414        30,674
                              =====        =====
                              
Dividends per ordinary share    2.45p         3.00p
Cost of dividends per ordinary
share (£'000)                   2,767         3,985

Revenue return per ordinary
share                           2.13p         3.26p
Capital return per ordinary
share                          88.70p        23.09p
Total return per ordinary
share                          90.83p        26.35p


At 30 June 1999

Total Net Assets (£'000)       645,371       623,755
Net Asset Value per Ordinary
Share                            571.4p       469.0p

The  above  financial  information  does  not
constitute statutory  accounts  as defined in
Section  240  of  the Companies    Act   1985.
The   comparative   financial information  is based
on the statutory accounts  for  the year ended 30th
June 1998. These accounts, upon which the auditors
issued  an  unqualified  opinion,  have   been
delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED