Holding in Company

Fleming US Discovery Inv Trust PLC
14 May 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



  MERSEYSIDE PENSION FUND INVESTMENTS

 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

THE BANK OF NEW YORK, BRUSSELS - A/C  605000: 920,000



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
 50,000
8)   Percentage of issued class
NOT STATED
9)   Class of security
ORDINARY 25p SHARES

10)  Date of transaction

10th MAY  2001


11)  Date company informed

11th  MAY 2001

12)  Total holding following this notification

920,000

13)  Total percentage holding of issued class following this notification

7.81%



14)  Any additional information

N/A


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

14th  MAY 2001