AGM Statement

Fleming American Inv Trust PLC
3 May 2001



STOCK EXCHANGE ANNOUNCEMENT





THE FLEMING AMERICAN INVESTMENT TRUST PLC







Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all the resolutions put to shareholders were
passed, including two Special Resolutions as follows:-



1.       To allow the Company make market purchases of up to 9,002,600
         Ordinary 25p Shares representing 14.99% of the Issued Ordinary Share   
         Capital;



2.      To authorise the Directors to allot up to 3,002,868 new Ordinary 25p
        Shares for cash otherwise than by a pro-rata issue to existing          
        shareholders.



3rd May 2001







For and on behalf of
Chase Fleming Asset Management (UK) Limited - Secretary







For further information, please contact:



Fraser Easton, 020 7742 6000