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JPMorgan Flem.Claver (JCH)

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Thursday 17 July, 2003

JPMorgan Flem.Claver

Second Quarterly Interim

JPMorgan Fleming Claverhouse IT PLC
17 July 2003

               JPMorgan Fleming Claverhouse Investment Trust plc

                       Second quarterly interim dividend

The Directors have declared that a second quarterly interim dividend of 2.40
pence per share for the year ending 31st December 2003 will be paid on 1st
September 2003 to shareholders on the register at close of business on 8th
August 2003.

For the year ending 31st December 2003 it is the Directors' intention to pay
three quarterly dividends of 2.40 pence per share and at least maintain the
fourth quarterly dividend of 2.75 pence per share.

For further information:

Jonathan Latter

J.P. Morgan Fleming Asset Management (UK) Limited           020 7742 6000

17th July 2003

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