Month End Portfolio Info

F&C Latin American Inv Trust PLC
16 January 2003

F&C LATIN AMERICAN INVESTMENT TRUST PLC

ALL DATA AS AT 31st December 2002

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.co.uk FROM
APPROXIMATELY 18th January 2003

GEOGRAPHIC ASSET ALLOCATION                                                %

Mexico                                                                    46

Brazil                                                                    35

Chile                                                                      6

Cash and Fi                                                               11
                                                                         ----
Total                                                                    100
                                                                         ====

TOP 10 HOLDINGS                                                            %

Petroleo Brasileiros SA                                                 9.30

Telefonos De Mexico                                                     9.18

Grupo Financiero BBV Bancomer                                           7.88

America Movil                                                           6.93

Walmart De Mexico                                                       5.79

Grupo Televisa                                                          5.53

Vale Rio Doce                                                           5.29

Cemex SA Spon                                                           5.22

Ambev CIA De Bebidas                                                    4.02

Grupo Modelo C                                                          3.68
                                                                       -----
Total                                                                  62.82
                                                                       =====
EFFECTIVE GEARING                                                        14%


                      This information is provided by RNS
            The company news service from the London Stock Exchange