Purchase of Own Securities

Fleming Mercantile Inv Trust PLC
11 February 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
1,370,000   ordinary   shares   at   550.0p   per   share
representing 0.97% of the ordinary shares in issue.

The  number  of  shares repurchased to  date  now  totals
4,305,000  representing 2.97% 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 140,203,762

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