Portfolio Update

F&C Latin American Inv Trust PLC
05 January 2005



The Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP                                            5 December 2004

Dear Sir

F&C Latin American Investment Trust

The top ten holdings and all holdings over 5% of gross assets as at 31 December
2004 were:


Stock                                                                % of Gross
                                                                         Assets


Petroleo Brasileiros                                                      12.9%
Vale Rio Dolce                                                             8.6%
America Movil                                                              8.0%
Walmart De Mexico                                                          3.9%
BCO Itau Holding                                                           3.8%
Grupo Televisa                                                             3.1%
CIA Energetica Minas Gerais                                                3.1%
Unibanco Holdings                                                          3.0%
CIA Braziliera                                                             2.5%
Kimberley Clark                                                            2.2%
Cemex SA                                                                   2.1%




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