Month End Portfolio Info

F&C Latin American Inv Trust PLC
15 May 2003

F&C LATIN AMERICAN INVESTMENT TRUST PLC

ALL DATA AS AT 30th April 2003

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

GEOGRAPHIC ASSET ALLOCATION                             %
Brazil                                                 47
Mexico                                                 33
Chile                                                  11
Cash and Fixed Interest                                 6
Argentina                                               3
                                                     ----
Total                                                 100
                                                     ====
TOP 10 HOLDINGS                                         %
Petroleo Brasileiros SA                              12.1
Telefonos De Mexico                                   7.5
America Movil                                         6.8
Ambev CIA De Bebidas                                  5.7
Grupo Financiero BBV Bancomer                         5.2
Cemex SA Spon                                         4.6
Grupo Televisa                                        4.4
Vale Rio Doce                                         4.2
Banco Itau                                            3.6
Walmart De Mexico                                     3.5
                                                    -----
Total                                                57.6
                                                    =====
EFFECTIVE GEARING                                     15%



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