Holding in Company

F&C Latin American Inv Trust PLC
31 May 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

F&C LATIN AMERICAN INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ADVANCE DEVELOPING MARKETS TRUST PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN (2)

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

NORTRUST NOMINEES LIMITED A/C ADM

5)   Number of shares/amount of stock acquired.

450,000

6)   ( 0.60%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF $0.10 EACH

10)  Date of transaction

NOT NOTIFIED

11)  Date company informed

31 MAY 2001

12)  Total holding following this notification

5,380,000
               
              
13)  Total percentage holding of issued class following this notification

7.22%

14)  Any additional information



15)  Name of contact and telephone number for queries

S. A. COX (MISS)
020 7454 1412

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ...31 MAY 2001