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Fleming Japanese Inv (JFJ)

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Tuesday 09 November, 1999

Fleming Japanese Inv

Final Results - Year to 30th September 1999

Fleming Japanese Investment Trust PLC
9 November 1999

                                                                    
       Preliminary results for the year to 30th September 1999
                                       
                                  
The  Fleming  Japanese  Investment Trust  plc  today  announced  its
preliminary results for the year ended 30th September 1999.

It has been an exceptional period for the Company with the net asset
value  per share increasing by 134.8% compared with a 90.5% increase
in the Tokyo Stock Exchange 1st Section Index, expressed in Sterling
terms,   which  is  the  Company's  benchmark  index.   The  Company
therefore produced an outperformance over the benchmark of 44.3%.

Over the period the value of the shares increased by 158.5% with the
discount  at which the Company's shares trade relative  to  the  net
asset value reducing from 18.5% to 10.3%.


F.W. Easton
For and on behalf of
Fleming      Investment     Trust     Management      Limited     
Secretary............................................ 0171 880 3425




              THE FLEMING JAPANESE INVESTMENT TRUST PLC
      UNAUDITED FIGURES FOR THE YEAR ENDED 30TH SEPTEMBER 1999

                                        1999      1998

                                       £'000     £'000
REVENUE

Income

     Franked dividends                    171      323
     Overseas dividends                 2,927    2,122
     Deposit interest                      41      195
     Stock lending fees                   276      177
                                        _____    _____
Gross Revenue                           3,415    2,817

Less Management fee                     2,368    2,103
     Other administrative expenses        532      387
     Interest payable                   2,572    3,060
                                       ______    _____
Return before Taxation                (2,057)  (2,733)

Less Taxation                             463      383
                                        _____    _____
Return available to ordinary shareholders(2,520)(3,116)
                                        =====     ====

CAPITAL


Return available to ordinary shareholders383,299(111,338)
                                        =====    =====

Dividends per ordinary share             nil       nil

Revenue return per ordinary share    (1.29) p (1.59) p
Capital return per ordinary share    195.71 p(56.85) p
Total return per ordinary share      194.42 p(58.44) p


At 30 September 1999

Total Net Assets (£'000)              636,566  271,066
Net Asset Value per Ordinary Share    325.0 p  138.4 p

The  above  financial  information  does  not  constitute  statutory
accounts as defined in Section 240 of the Companies Act 1985

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED