Holding in Company

Fleming US Discovery Inv Trust PLC
7 December 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FLEMING US DISCOVERY
     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: 1,227,266
     FLEMING INVESTMENT TRUST MANAGEMENT LTD: 1,001,778
     FLEMING PRIVATE ASSET MANAGEMENT LTD: 322,675
     SAVE & PROSPER EQUITY PLAN MANAGERS LTD: 287,309
     SAVE & PROSPER GROUP LTD (LIFE INSURANCE & 
     PENSIONS): 1,156,948

5)   Number of shares/amount of stock acquired.

     NOT STATED

6)   (N/A%) of issued Class

7)   Number of shares/amount of stock disposed

     NOT STATED

8)   (N/A%) of issued Class

9)   Class of security

     ORDINARY 25P SHARES

10)  Date of transaction

     NOT STATED

11)  Date company informed

     06-DEC-00

12)  Total holding following this notification

     3,995,976
               
              
13)  Total percentage holding of issued class following this notification

     33.92%

14)  Any additional information



15)  Name of contact and telephone number for queries

     FRASER EASTON,   020 7742 3425

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

     Date of Notification ..07-DEC-00................................