Month End Portfolio Info

F&C Latin American Inv Trust PLC
15 December 2003


F&C LATIN AMERICAN INVESTMENT TRUST PLC ALL DATA AS AT 30th November 2003 THIS
DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th December 2003

GEOGRAPHIC ASSET ALLOCATION                                  %
Brazil                                                       48
Mexico                                                       36
Chile                                                        14
Peru                                                         1
Cash & F.I.                                                  1
                                                             ----
Total                                                        100
                                                             ====
TOP 10 HOLDINGS                                              %
Petroleo Brasileiros SA                                      8.3
Telefonos De Mexico                                          6.4
America Movil                                                6.3
Cemex SA Spon                                                5.6
Ambev CIA de Bebidas                                         5.3
Grupo Televisa                                               5.2
Grupo Financiero BBV Bancomer                                4.8
Banco Bradesco                                               4.8
Banco Itau                                                   4.3
Tele Norte Leste                                             3.7
                                                             -----
Total                                                        54.7 =====
EFFECTIVE GEARING                                            12%




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