Sector/Geographical Breakdown

Fleming US Discovery Inv Trust PLC
10 December 2001



SECTOR/GEOGRAPHIC BREAKDOWNS BY % AND TEN LARGEST INVESTMENTS, November 2001

THE FLEMING US DISCOVERY INVESTMENT TRUST plc

                                                                        %
BY SECTOR

Consumer Discretionary                                                       21
Healthcare                                                                   32
Technology                                                                   14
Financial                                                                    14
Transport                                                                     4
Producer Durables                                                             2
Energy                                                                        2
Consumer Staple                                                               7
Material/Process                                                              0
Asset/Liabilities                                                             4

Total                                                                       100


BY TERRITORY                                                            %

North America                                                                96
Assets/Liabilities                                                            4

Total                                                                       100


TEN LARGEST INVESTMENTS

Pemstar                                                                     2.9
Scansource                                                                  3.4
Myraid Gene                                                                 2.6
Hilb,Rogal & Hamilton                                                       2.8
1-800                                                                       2.6
SCP Pool                                                                    3.1
Intermune                                                                   2.9
Seachange International                                                     3.0
Dianon Systems                                                              3.4
American Healthways                                                         2.5

Total                                                                      29.2