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Fleming Overseas Inv (JMO)

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Tuesday 02 May, 2000

Fleming Overseas Inv

Purchase of Own Secs, etc

Fleming Overseas Inv Trust PLC
2 May 2000

                                                        

 The Fleming Overseas Investment Trust plc ('the Company
                       or FOSIT')
                            
   Renewal of shareholder authority to repurchase the
                    Company's Shares
                            




At  the  AGM  last October, shareholders  authorised  the
Company  to  repurchase  up to 14.99%  of  the  Company's
issued share capital.  Since that time, 13,633,000 shares
have  been  repurchased representing 12.2%,  and  only  a
small number of shares remain capable of repurchase.

The  Board of FOSIT continue to believe that the  ability
to  repurchase  shares is of benefit to all shareholders.
Accordingly, the Board have decided to recommend  to  all
shareholders  that  the authority  to  repurchase  shares
should  be  renewed.   A  resolution  to  authorise   the
repurchase  of  a further 14.99% of the Company's  shares
will  be  put to shareholders at an Extraordinary General
Meeting to be held on 24th May 2000.


For further information please contact:

Linda        Field               Company        Secretary
020 7880 3426
Caroline  Henry  Assistant Company  Secretary         020
7880 3406

Tom Durie
HSBC   Securities       Stockbrokers   to   the   Company
020 7336  2004

Fleming Investment Trust Management Ltd

02 May 2000