Holding(s) in Company

F&C Latin American Inv Trust PLC
03 October 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C Latin American Investment Trust PLC

2) Name of shareholder having a major interest

City of London Investment Management Limited and The Emerging Markets Country
Fund

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

Shares managed by City of London Investment Management Limited held on behalf
of:

a) The Emerging Markets Country Fund
b) Investable Emerging Markets Country Fund
c) The World Emerging Markets Umbrella Fund PLC
d) The GFM Emerging Markets Country Fund

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

a) Mellon UK Nominees Ltd A/C BSDTUSD - 2,865,000 shares
b) Mellon UK Nominees Ltd A/C BSDTUSD - 3,875,000 shares
c) Mellon UK Nominees Ltd A/C BSDTUSD - 1,790,000 shares
d) Mellon UK Nominees Ltd A/C BSDTUSD - 75,000 shares

5) Number of shares/amount of stock acquired

Not advised

6) Percentage of issued class

Not advised

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 10 cents each

10) Date of transaction

Not advised

11) Date company informed

3 October 2003

12) Total holding following this notification

City of London Investment Management Company Limited: 8,605,000
The Emerging Markets Country Fund: 2,865,000

13) Total percentage holding of issued class following this notification

City of London Investment Management Company Limited: 11.67%
The Emerging Markets Country Fund: 3.88%

14) Any additional information

n/a

15) Name of contact and telephone number for queries

David Fallon
Tel: [phone]

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

David Fallon
For and on behalf of F&C Emerging Markets Limited, Secretary


Date of notification: 3 October 2003


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