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Fleming Chinese Inv. (JMC)

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Thursday 04 May, 2000

Fleming Chinese Inv.

Interim Results

Fleming Chinese Investment Trust PLC
4 May 2000

                  
                               
      INTERIM RESULTS FOR THE SIX MONTHS TO 31 MARCH 2000
                               

The  Board  of The Fleming Chinese Investment Trust  plc  have
today  announced the unaudited interim results of the  Company
for the six months to 31 March 2000.

The unaudited fully diluted net asset value per ordinary share
has risen by 77% since 30 September 1999 to 101.5 pence per
share (30 September 1999 - 57.3 pence). The principal reason
for this increase was good stock selection against a
background of economic recovery in the Greater China Region
during the period.

The Directors have, in line with previous years, declared that
no  interim dividend will be payable. The Company receives the
majority  of  its income in the second half of  the  financial
year  and  the  Directors will, if appropriate, recommend  the
payment of a final dividend at the time of their consideration
of  the  results of the Company for the financial year  to  30
September 2000.


Fleming Investment Trust Management Limited
Secretary


For further information please contact Hilary Lowe
020 7880 3274



           THE FLEMING CHINESE INVESTMENT TRUST PLC
   UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31ST MARCH 2000

                                        2000      1999

                                       £'000     £'000

REVENUE

Income

     Franked dividends                     56       59
     Overseas dividends                   274      112
     Overseas interest                      -       13
     Scrip dividends                      153        9
     Deposit interest                       3       40
     Stock lending fees                     3        2
                                        _____    _____
Gross Revenue                             489      235

Less Management fee                       257      149
     Other administrative expenses        147      126
     Interest payable                      61        3
                                       ______    _____
Return before Taxation                     24     (43)

Less Taxation                              17        8
                                        _____    _____
Transfer to reserves                        7     (51)
                                         ====     ====



                                        2000      1999

                                       £'000     £'000

CAPITAL


                                       ______   ______
Return attributable to ordinary 
shareholders                          26,346     4,852
                                        =====    =====

Revenue return per ordinary share      0.01 p (0.08) p
Capital return per ordinary share     43.82 p   8.02 p
Total return per ordinary share       43.83 p   7.94 p


At 31 March 2000

Total Net Assets (£'000)               59,704   27,662
Fully-diluted net asset value per 
ordinary share                          101.5 p   45.8 p
Undiluted net asset value per 
ordinary share                          101.8 p   45.8 p





           THE FLEMING CHINESE INVESTMENT TRUST PLC
   UNAUDITED FIGURES FOR THE HALF YEAR ENDED 31ST MARCH 2000
                               
                               
CASH FLOW STATEMENT
                                        2000      1999

                                       £'000     £'000


Net cash outflow from operating activities(212)  (168)

Net cash outflow from returns on investments and
     servicing of finance                (61)      (3)

Total tax recovered                         -       3

Net cash inflow/(outflow)from capital expenditure
     and financial investment             272  (2,036)

Total equity dividends paid              (60)    (302)

Net cash inflow from financing            669        -
                                        _____    _____
Increase/(decrease) in cash in the period 608  (2,506)
                                         ====     ====



The  above financial information does not constitute statutory
accounts as defined in Section 240 of the Companies Act  1985.
Statutory accounts for the year ended 30th September 1999 have
been delivered to the Registrar of Companies.

FLEMING INVESTMENT TRUST MANAGEMENT LIMITED