Month End Portfolio Info

F&C Latin American Inv Trust PLC
15 January 2004


F&C LATIN AMERICAN INVESTMENT TRUST PLC ALL DATA AS AT 31st December 2003 THIS
DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th January 2004

GEOGRAPHIC ASSET ALLOCATION                                  %
Brazil                                                       50
Mexico                                                       35
Chile                                                        14
Peru                                                         1
                                                             ----
Total                                                        100
                                                             ====

TOP 10 HOLDINGS                                              %
Petroleo Brasileiros SA                                      8.3
America Movil                                                6.1
Telefonos De Mexico                                          5.9
Ambev CIA De Bebidas                                         5.2
Cemex SA Spon                                                4.9
Banco Bradesco                                               4.8
Grupo Televisa                                               4.6
Banco Itau                                                   4.6
Grupo Financiero BBV Bancomer                                4.3
Tele Norte Leste                                             3.7
                                                             -----
Total                                                        52.4 
                                                             =====
EFFECTIVE GEARING                                            14%




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