Geographical Breakdowns, etc

Fleming Mercantile Inv Trust PLC
7 June 2000


Monthly Report                                              May-00
  
Fleming Investment Trust Sector & Geographical Breakdowns % and Ten Largest
Investments in % of Total Assets.

Mercantile             Cyclical Services                      23.0
                       Financials                             19.0
                       Basic Industries                       13.0
                       Information Technology                 11.0
                       Non-Cyclical Consumer Goods            10.0
                       General Industrials                     6.0
                       Utilities                               6.0
                       Assets / Liabilities                    5.0
                       Non-Cyclical Services                   3.0
                       Cyclical Consumer Goods                 2.0
                       Resources                               2.0
                       Total                                 100.0

Mercantile             United Kingdom                         91.0
                       Assets / Liabilities                    5.0
                       North America                           3.0
                       Ireland                                 1.0
                       Norway                                    -  
                       Germany                                   -
                       France                                    -
                       Total                                 100.0

Mercantile             Ten Largest Investments

                       Robert Fleming Holdings                 2.1
                       Heywood Williams Group                  1.8
                       Cambridge Antibody                      1.7
                       Williams                                1.6
                       Scottish & Newcastle                    1.6
                       BATM Advanced                           1.5
                       Powergen                                1.4
                       Gallaher                                1.3
                       Associated British Foods                1.2
                       British Land                            1.2
                                                              15.3