Holding in Company

Fleming US Discovery Inv Trust PLC
6 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

LEGAL & GENERAL INVESTMENT MANAGEMENT

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

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 775245  190,300

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 357206    39,504



5)   Number of shares/amount of stock acquired

N/A

6)   Percentage of issued class

N/A

7)   Number of shares/amount of stock disposed

400,000

8)   Percentage of issued class

3.4%

9)   Class of security

ORDINARY 25p SHARES


10)  Date of transaction

1st February  2001

11)  Date company informed

5th February 2001

12)  Total holding following this notification

229,804

13)  Total percentage holding of issued class following this notification

1.94%



14)  Any additional information

LEGAL & GENERAL NO LONGER HAS A NOTIFIABLE INTEREST IN THE SHARE CAPITAL OF
THE

FLEMING US DISCOVERY INVESTMENT TRUST plc

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



MONDAY 5TH FEBRUARY 2001