Monthly Portfolio Info

F&C Latin American Inv Trust PLC
14 July 2003


F&C LATIN AMERICAN INVESTMENT TRUST PLC ALL DATA AS AT 30th June 2003 THIS DATA
WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 15th July 2003

GEOGRAPHIC ASSET ALLOCATION                                  %

Brazil                                                       39
Mexico                                                       38
Chile                                                        15
Cash and Fi                                                  5
Argentina                                                    2
Peru                                                         1
                                                             ----
Total                                                        100
                                                             ====

TOP 10 HOLDINGS                                              %

Petroleo Brasileiros SA                                      9.8
Telefonos De Mexico                                          8.8
America Movil                                                6.3
Grupo Televisa                                               4.9
Ambev CIA De Bebidas                                         4.7
Grupo Financiero BBV Bancomer                                4.4
Cemex SA Spon                                                4.4
Vale Rio Doce                                                4.2
Banco Itau                                                   3.6
Walmart De Mexico                                            3.6
                                                             -----
Total                                                        54.7
                                                             =====
EFFECTIVE GEARING                                            10%




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