Portfolio Update

Merrill Lynch Latin American Investment Trust PLC
As at 31 December 2007

Top 10 holdings (alphabetically):  
                                   
ALL AMERICA LATINA LOGISTICA   
AMBEV CIA DE BEDIDAS                         
AMERICA MOVIL                  
BANCO BRADESCO                 
BANCO ITAU                     
CVRD                           
PETROLEO BRASILEIRO            
TENARIS                        
UNIBANCO UNIAO                      
USINAS SIDER MINAS             

Other holdings over 5%:

n/a

Holdings in restricted UK listed investment companies:

n/a


3 January 2008