Holding in Company

Fleming US Discovery Inv Trust PLC
16 January 2001



                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

THE FLEMING US DISCOVERY INVESTMENT TRUST plc

2)   Name of shareholder having a major interest

JP MORGAN CHASE & CO INC

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: 1,871,306

FLEMING INVESTMENT TRUST MANAGEMENT LTD: 989,922

FLEMING PRIVATE ASSET MANAGEMENT LTD: 324,175

SAVE & PROSPER EQUITY PLAN MANAGERS LTD: 284,997

SAVE & PROSPER GROUP LTD: 686,301

5)   Number of shares/amount of stock acquired

NOT STATED

6)   Percentage of issued class

NOT STATED

7)   Number of shares/amount of stock disposed

NOT STATED

8)   Percentage of issued class

NOT STATED

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

NOT STATED

11)  Date company informed

12TH JANUARY 2001

12)  Total holding following this notification

4,156,701

13)  Total percentage holding of issued class following this notification

35.28%



14)  Any additional information



15)  Name of contact and telephone number for queries

HEATHER WILLIAMS, 020 7742 3459

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

MARK DEVIN, 020 7742 3453



17)  Date of notification



TUESDAY 16TH JANUARY 2001