Purchase of Own Securities

Fleming Mercantile Inv Trust PLC
8 March 2000


THE FLEMING MERCANTILE INVESTMENT TRUST PLC

REPURCHASE OF ORDINARY SHARES FOR CANCELLATION

The  Fleming  Mercantile Investment Trust  plc
announces that  today in the market they purchased
for cancellation 100,000  ordinary shares at 672.0p
per share representing 0.07% of the ordinary shares
in issue.

The  number  of  shares repurchased to  date  now
totals 5,065,000  representing 3.50% of the ordinary
shares  in issue  at  the  time  of commencement of
the  repurchase programme.

The  remaining  number of shares in issue following
this repurchase is 139,443,762

For further information, please contact:

Fraser Easton  (Company Secretary)
Caroline Henry (Assistant Company Secretary)
Fleming Investment Trust Management Limited
0171 638 5858

Tom Durie
HSBC Securities - Stockbrokers to the
Company
0171 336 2004