Portfolio Update

F&C Latin American Inv Trust PLC
04 October 2004



The Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP                                   04 October 2004

Dear Sir

F&C Latin American Investment Trust

The top ten holdings and all holdings over 5% of gross assets as at 30 September
2004 were:


Stock                                                          % of Gross
                                                                  Assets
Petroleo Brasileiros                                                12.3%
America Movil                                                        8.0%
Walmart De Mexico                                                    4.8%
Grupo Televisa                                                       3.9%
Cemex SA Spon                                                        3.5%
CIA Energetica Minas Gerais                                          3.4%
Compania Vale Do Rio Doce                                            2.7%
Grupo Financiero Banorte                                             2.7%
BCO Itau Holding Financeria                                          2.7%
Duratex                                                              2.6%


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