Purchase of Own Securities

Fleming Overseas Inv Trust PLC
31 January 2000

THE FLEMING OVERSEAS INVESTMENT TRUST PLC


REPURCHASE OF ORDINARY SHARES FOR CANCELLATION


The  Fleming Overseas Investment Trust plc announces
that on  Friday 28th January in the market they
purchased  for cancellation 135,000 ordinary shares
at 554.62p per share representing 0.12% of the
ordinary shares in issue.

The  number  of  shares repurchased to  date  now
totals 24,526,401.

The  current  repurchase authority for 16,778,096
shares was approved by shareholders on 26 October
1999.  To date 3,440,000   shares  have  been
repurchased  under   this authority  which
represents 3.07% of the ordinary  shares in issue as
at the date shareholder approval was granted.


The  remaining shares in issue following this
repurchase is 108,313,599.


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