Holding in Company

Fleming US Discovery Inv Trust PLC
26 February 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



  J P MORGAN CHASE & CO

 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: 1,231,746

FLEMING INVESTMENT TRUST MANAGEMENT LTD: 1

FLEMING PRIVATE ASSET MANAGEMENT LTD: 320,425

SAVE & PROSPER EQUITY PLAN MGRS LTD: 32,233

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

21st  FEBRUARY 2001

12)  Total holding following this notification

2,270,705

13)  Total percentage holding of issued class following this notification

19.27%



14)  Any additional information


15)  Name of contact and telephone number for queries

RICHARD LEWIS, 020 7742 3477

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

HELEN WALKER, 020 7742 3453



17)  Date of notification



26TH FEBRUARY 2001