Holding in Company

INVESCO Asia Trust PLC
5 November 2001


Headline:        Holding in Company

Schedule 10 - Notification of Major Interests in Shares



1.         Name of Company

           INVESCO Asia Trust plc


2.         Name of shareholder having a major interest

           City of London Investment Management Limited


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 of children under the age of 18:

           Notification is in respect of shareholder named in 2 above


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

           Mellon UK Nominees Ltd AC BSDTUSD


5.         Number of shares/amount of stock acquired:

            Not stated


6.         Percentage of issued class:

            Not stated


7.         Number of shares/amount of stock disposed:

            -


8.         Percentage of issued class:

            -


9.         Class of security:

            Ordinary Shares of 10p


10.       Date of Transaction:

            Not stated


11.       Date company informed:

            5 November 2001


12.       Total holding following this notification:

            3,585,000


13.       Total percentage holding of issued class following this
          notification:

            3.38%


14.       Contact name for queries:

            Alex Proudler


15.       Contact telephone number:

            0207 454 3249


16.       Name of company official responsible for making notification:

            Jo Milner


17.       Date of notification:

            5 November 2001


Additional Information


Shares held on behalf of Emerging Markets Country Fund.