Change of Name

Fleming US Discovery Inv Trust PLC
15 May 2002



                       LONDON STOCK EXCHANGE ANNOUNCEMENT

                 THE FLEMING US DISCOVERY INVESTMENT TRUST PLC


The Fleming US Discovery Investment Trust plc announces that at the Company's
Annual General Meeting held today, shareholders passed Special Resolutions
authorising the Company to make market purchases of up to 14.99% of its issued
share capital for cancellation and changing the Company's name to 'JPMorgan
Fleming US Discovery Investment Trust plc'.



The change of company name will become effective on the issue of the certificate
of incorporation on change of name by The Registrar of Companies and a further
announcement will follow in this respect.



J.P. Morgan Fleming Asset Management (UK) Limited - Secretary


15th May 2002


For further information, please contact:


Richard Lewis

J.P. Morgan Fleming Asset Management (UK) Limited        020 7742 3477



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