Month End Portfolio Info

F&C Latin American Inv Trust PLC
12 December 2002

F&C LATIN AMERICAN INVESTMENT TRUST PLC

ALL DATA AS AT 30th November 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18th December 2002
                                                                            
GEOGRAPHIC ASSET ALLOCATION                                                %

Mexico                                                                     50

Brazil                                                                     36

Chile                                                                       8

Cash and Fi                                                                 6

                                                                          ----
Total                                                                     100
                                                                          ====

TOP 10 HOLDINGS                                                            %

Telefonos De Mexico                                                       9.28

Petroleo Brasileiros SA                                                   8.14

Grupo Financiero BBV Bancomer                                             8.06

America Movil                                                             7.21

Walmart De Mexico                                                         6.25

Grupo Televisa                                                            5.81

Cemex SA Spon                                                             5.65

Ambev CIA De Bebidas                                                      3.83

Grupo Modelo C                                                            3.71

Vale Rio Doce                                                             3.01
                                                                          -----
Total                                                                     60.95
                                                                          =====
EFFECTIVE GEARING                                                         19%



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