Holding in Company

Fleming Indian Investment Trust PLC
15 December 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FLEMING INDIAN INVESTMENT TRUST PLC 

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE CHASE MANHATTAN CORPORATION

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     IN RESPECT OF SHAREHOLDER IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     FLEMING INVESTMENT MANAGEMENT LTD:                 7,057,671
     FLEMING INVESTMENT TRUST MANAGEMENT LTD:          10,061,322
     FLEMING PRIVATE ASSET MANAGEMENT LTD:              1,085,650
     ROBERT FLEMING & CO LTD (SECURITIES TRADING &
     BROKING, CORPORATE FINANCE):                         230,000

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY 25P SHARES

10)  Date of transaction

     NOT STATED

11)  Date company informed

     14-DEC-00

12)  Total holding following this notification

     18,434,643
               
              
13)  Total percentage holding of issued class following this notification

      23.29%

14)  Any additional information



15)  Name of contact and telephone number for queries


     LINDA FIELD, 020 7742 3426

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification 15 DECEMBER 2000