Purchase of Own Securities

Fleming US Discovery Inv Trust PLC
21 January 2000
                            
     REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The  Fleming US Discovery Investment Trust plc  announces
that  today in the market they purchased for cancellation
25,000  ordinary shares at 409.0p per share  representing
0.21% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
735,000  representing  5.84% of the  ordinary  shares  in
issue  at  the  time  of commencement of  the  repurchase
programme.

The remaining shares in issue following this purchase  is
11,834,480

For further information, please contact:

Heather Williams  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited..........0171 880 3459

Simon Colson
Deutsche Bank AG - Stockbrokers to the Company.......0171 547 1693