Holding in Company

Deutsche Latin American Cos Tst PLC
17 October 2000


Letter to Company Announcements Office 

Deutsche Latin American Companies Trust

We  wish  to  announce that we were yesterday informed by Lazard Freres  Asset
Management  that  accounts  under discretionary  management  of  Lazard  Asset
Management  own 9,025,300 of this Company's ordinary shares, which  represents
17.79% of the issued share capital.

M Pope
Joint Company Secretary