Holding(s) in Company

Aberdeen Latin American Inv Tst PLC
31 October 2002



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Aberdeen Latin American Investment Trust PLC

2. Name of shareholder having a major interest
Undervalued Assets Fund - Series One

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them




5. Number of shares / amount of stock acquired
1,245,000

6. Percentage of issued class
6.23%

7. Number of shares / amount of stock disposed




8. Percentage of issued class




9. Class of security
Ordinary 25p shares

10. Date of transaction
31 October 2002



11. Date company informed
31 October 2002

12. Total holding following this notification
1,245,000

13. Total percentage holding of issued class following this notification
6.23%

14. Any additional information




15. Name of contact and telephone number for queries
Tom Casey 020 7463 6387

16. Name and signature of authorised company official responsible for making
this notification
Aberdeen Asset Management PLC - Secretaries

Date of notification
31 October 2002


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