Director Shareholding

RNS Number:5156U
JPMorgan Fleming Elect PLC
22 January 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)  Name of company

JPMORGAN FLEMING ELECT  PLC

2)  Name of director

SIMON MILLER

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 or in respect of
a non-beneficial interest

NOTIFICATION IN RESPECT OF DIRECTOR

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them (if notified)

COGENT NOMINEES LTD

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

REINVESTMENT OF DIRECTOR'S DIVIDEND IN SHAREPLAN

7)  Number of shares/amount of
    stock acquired

385


8)  Percentage of issued class

0.00%

9)  Number of shares/amount
    of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

JPMORGAN FLEMING ELECT MANAGED INCOME  SHARES OF 1p

12) Price per share

81.5p

13) Date of transaction

15TH JANUARY 2004

14) Date company informed

20TH JANUARY 2004

15) Total holding following this notification

18,384

16) Total percentage holding of issued class following this notification

0.05%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number

N/A

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held
    following this notification

N/A

23) Any additional information

N/A

24) Name of contact and telephone number for queries

JONATHAN LATTER 0207-742-3408

25) Date of notification:



21ST JANUARY 2004






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

RDSUUOKRSWRAURR