Listing Rule 21.20 (I)(i)

Fleming Mercantile Inv Trust PLC
02 December 2003



                          Stock Exchange Announcement

                  The Fleming Mercantile Investment Trust plc


Disclosure re Listing Rule 21.20 (I)(i)

In accordance with the continuing obligations under Listing Rule 21.20 (I)(i),
the Company confirms that, as at the close of business on 28 November 2003,
there was one portfolio investment representing a total of 0.11% of its gross
assets that were invested in other listed investment companies and trusts which
have either made no statement or have a stated investment policy that they are
likely to invest more than 15% of their gross assets in other listed investment
companies and trusts.

The holdings are as follows:-

Prelude Trust

Contact: Richard Lewis

J.P. Morgan Fleming Asset Management (UK) Limited

020 7742 6000


                      This information is provided by RNS
            The company news service from the London Stock Exchange
EN
MSCFSAFWESDSESE