Holding in Company

Deutsche Latin American Cos Tst PLC
8 January 2001


Deutsche Latin American Companies Trust


The Secretary
Company Announcements Office
London Stock Exchange Tower
Courier Delivery Entrance
Old Broad Street
London
EC2N 1HP

8 January 2001

Dear Sirs

We wish  to  announce that we have today been notified by Blue  Circle Pension
Investments Limited  that it has a notifiable interest  in  3,975,000 of  this
Company's ordinary shares, which represents 8.04% of the issued share capital.

Yours faithfully,

M Pope
Joint Company Secretary