Holding in Company

Deutsche Latin American Cos Tst PLC
3 October 2001

3 October 2001


The Secretary

Company Announcements Office

London Stock Exchange Tower

Courier Delivery Entrance

Old Broad Street

London

EC2N 1HP



Dear Sirs


We wish to announce that we were informed today that, effective 1 October
2001, Metage Capital Ltd replaced Lake Asset Management Ltd as the Investment
Manager to The Metage Special Emerging Markets Fund Ltd. Accordingly, Metage
Capital Ltd, as Investment Manager to The Metage Special Emerging Markets Fund
Ltd, has a notifiable interest in 2,305,000 Ordinary 25p shares of Deutsche
Latin American Companies Trust PLC (4.82% of shares in issue).

Yours faithfully
P A Hogwood

Secretary