Dividend Declaration

Fleming Mercantile Inv Trust PLC
23 December 1999

         THE FLEMING MERCANTILE INVESTMENT TRUST PLC
                              
              THIRD QUARTERLY INTERIM DIVIDEND
                              
                              
                              
The Directors have declared that a third interim dividend of
2.70p  (net)  per share (1998: 2.50p) will be  paid  on  1st
February 2000 to ordinary shareholders on the register as at
close of business on 10th January 2000.



Fleming Investment Trust Management Limited - Secretary


For further information:

Fraser Easton
Fleming Investment Trust Management
Limited.....................................0171 880 3425