Purch.of Own Secs-Replacement

FLEMING OVERSEAS INVESTMENT TRUST PLC
8 October 1999

This announcement replaces the Fleming Overseas Investment Trust plc 'Purchase
of Own Securities' announcement released at 07:05 today under RNS No 8082q.

The issuer has made several additions and amendments to the text of the
announcement. The full corrected version is shown below.
                            
     
    REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The  Fleming Overseas Investment Trust plc announces that
on  Friday  8th October in the market they purchased  for
cancellation  175,000 ordinary shares at 480p  per  share
representing 0.15% of the ordinary shares in issue.


The  number  of  shares repurchased to  date  now  totals
21,086,401.

The  current  repurchase authority for 16,931,744  shares
was  approved  by shareholders on 28 July 1999.  To  date
1,200,000   shares  have  been  repurchased  under   this
authority  which represents 1.06% of the ordinary  shares
in issue as at the date shareholder approval was granted.

The  remaining shares in issue following this  repurchase
is 111,753,599.

11 October 1999

For further information, please contact:

Liz Hayman  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited
............................0171 638 5858

Tom Durie
HSBC Securities - Stockbrokers to the Company
.............................0171 336 2004