Holding in Company

Fleming US Discovery Inv Trust PLC
2 January 2002

                                 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



THE EQUITABLE LIFE ASSURANCE SOCIETY

 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 EQUITABLE LIFE ASSURANCE SOCIETY



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
100,000

8)   Percentage of issued class
NOT STATED

9)   Class of security
ORDINARY 25p SHARES

10)  Date of transaction

19TH DECEMBER 2001


11)  Date company informed

31st  DECEMBER 2001

12)  Total holding following this notification

695,942

13)  Total percentage holding of issued class following this notification

5.90%



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



2nd JANUARY 2002