RNS Number:1818T
JPMorgan Fleming Managed Income PLC
11 December 2003



                      JPMORGAN FLEMING MANAGED INCOME PLC


                       LONDON STOCK EXCHANGE ANNOUNCEMENT



The Directors have declared the first interim dividend of 1.09 pence on the
ordinary shares of the Company in respect of the financial year to 31st August
2004.  The dividend will be paid on 9th January 2004 to ordinary shareholders on
the register on 19th December 2003.



Shareholders will have been sent a circular dated 28th November detailing the
recommended proposals for the reconstruction and winding-up of the Company. The
Directors have declared a special interim dividend of 0.65p which, subject to
the passing of the resolutions to be proposed at the Extraordinary General
Meetings of the Company scheduled to take place on 22nd December 2003 and 14th
January 2004, or any adjournment thereof, will be paid on the ordinary shares of
the Company in respect of the period from 1st December 2003 to 14th January
2004. This dividend will be paid on 9th January 2004 to ordinary shareholders on
the register on 5th January 2004.





11th December 2003

J.P. Morgan Fleming Asset Management (UK) Limited - Secretary




For further information, please contact:
Hilary Lowe...............020 7742 3274


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