Ten Largest Investments

Deutsche Latin American Cos Tst PLC
05 October 2004


The Secretary

Company Announcements Office

The Stock Exchange

10 Paternoster Square

London

EC4M 7LS

5 October 2004

Dear Sirs





Listing Rule 21

In accordance with paragraph 21.20 (I) (ii) of the Listing Rules, Deutsche Latin
American Companies Trust PLC announces its ten largest investments, including
all holdings with a value greater than 5% of its gross assets, as at 30
September 2004:

Company

Petrobras

Telefonos de Mexico & America Movil

Vale do Rio Doce

Wal Mart de Mexico

Gpo Televsa SA

Bco Itau Holdings

Coca-Cola Femsa & Fomento Econ Mexico

Cemex SA

Tele Norte Leste

Tenaris

ENDS

Yours faithfully



M Pope

Company Secretary

Enquiries:



Mr Mark Pope

Company Secretary

020 7545 0520


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