RNS No 7522j
FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
1st July 1997



GEARING

Further to the announcement made yesterday regarding the #15 million 10 year
floating rate bank loan entered into by the Company, please note that interest
rate swap fixing the rate for the first five years was at a rate of 7.86% and
not 7.59%.


Fleming Investment Trust Management Ltd - Secretary

For further information contact Liz Hayman  0171 638-5858


END


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