Interim Announcement

INVESCO Asia Trust PLC
8 December 2000

                 INVESCO Asia Trust plc
                            
                            
          UNAUDITED PRELIMINARY ANNOUNCEMENT OF
               INTERIM RESULTS (ANNOUNCEMENTS)
          FOR THE SIX MONTHS TO 31 OCTOBER 2000



Chairman's Statement

After the excitement which had surrounded the
Telecommunications-Media-Technology sector for some
months, the stockmarkets' retreat began in April, shortly
before the start of the period under review, and it has
been the dominant feature of many markets for much of the
last six months.  Other significant factors affecting
Asia's stockmarkets during the period were vulnerability
to increasing oil prices and the region's sensitivity to
a downturn in demand for semi-conductors and other high-
technology electrical and electronic products.

The effect on Asia's stockmarkets is reflected in the
MSCI (All Country) Far East ex Japan Free Index which
fell by 20.2% in sterling terms over the period.  Your
Company's portfolio was geared for part of this period,
and this contributed to a fall in net asset value of
23.0%.  Prior to the half-year end, the borrowings were
repaid.  Your Board and the Managers are keeping the
situation under review, with the intention of returning
to a geared position when it is considered prudent to do
so.

During May, 4,000,000 ordinary shares were purchased in
the market for cancellation.  These shares were acquired
at an estimated discount of 24.4% to net asset value
which benefits ongoing shareholders.  Discount levels
have been variable over the six months, but are now in a
narrower range than was the case in the first half of
this interim period.

The set back in Asian stockmarkets has provided
opportunities for the Managers to accumulate some good
quality growth stocks for our portfolio.  Looking forward
to 2001, the Board and Managers anticipate the return of
stockmarket growth as positive developments in the Asian
region improve investor sentiment.  These developments
include continued progress in corporate and financial
reforms, which should reduce the number of corporate
disasters which have shocked Asian stockmarkets in the
recent past, and an easing in oil prices.  Against that,
several countries of the region are affected by domestic
political problems, notably Indonesia, the Philippines
and Taiwan.  Optimism must also be tempered by
uncertainty as to whether or not the US economy can
achieve a soft landing, and caution will be the watchword
going forward.


Performance Statistics

                          31 October 30 April       %
                                2000     2000  Change
 
Net assets (£'000)            72,055   97,054   -25.8

Net asset value per            67.4p    87.5p   -23.0
ordinary share

Mid-market price per           54.5p    67.0p   -18.7
Ordinary share

Discount per ordinary          19.1%    23.4%       -
share

MSCI (All Country) Far         149.3    187.0   -20.2
East Ex Japan Free
Index (adjusted for
sterling)



Statement  of  Total  Return (incorporating  the  Revenue
Account)
For the six months ended 31 October 2000

           Six months to 31.10.00       Six months to
                 (Unaudited)              31.10.99
                                         (Unaudited)
                                              
                                                         
          Revenue  Capital   Total Revenue Capital  Total
            £'000    £'000   £'000   £'000   £'000  £'000     
Gains/                                                   
(losses) on                                                 
investments
-realised       -    6,960   6,960       -   2,466  2,466
-unrealised     - (29,239)(29,239)       -   5,361  5,361

Exchange        -      167     167       -   (144)  (144)
Gains/
(losses)

Income                                                   
Unfranked                                                
investment                                                
income
-dividends    630        -     630     893       -    893
-interest       -        -       -       6       -      6
Deposit        19        -      19      68       -     68
interest
           ------  ------- -------   -----   ----- ------
Gross         649 (22,112)(21,463)     967   7,683  8,650
return

Investment   (82)    (245)   (327)    (81)   (244)  (325)
management
fee-note 1

Other       (187)      (9)   (196)   (226)     (4)  (230)
Expenses
           ------  ------- -------  ------   ----- ------
Net           380 (22,366)(21,986)     660   7,435  8,095
return
before
finance
costs and
taxation

Interest     (80)    (240)   (320)    (19)    (55)   (74)
payable
and
similar
charges
           ------  ------- -------  ------   ----- ------
Return on     300 (22,606)(22,306)     641   7,380  8,021
ordinary
activities
before
tax

Tax on      (143)      109    (34)   (221)      90  (131)
ordinary
activities
           ------  ------- -------  ------   ----- ------
Return on     157 (22,497)(22,340)     420   7,470  7,890
ordinary
activities
after tax
for the
financial
period
(attribu-
table to
equity
share-
holders)

Dividends       -        -       -       -       -      -
in respect
of equity
shares
           ------  ------- -------  ------   ----- ------
Transfer      157 (22,497)(22,340)     420   7,470  7,890
to/(from)
reserves
           ======  ======= =======  ======   ===== ======
Return/
(loss)                                                   
per                                                      
ordinary                                                 
share-note 2
- Basic     0.15p (21.00)p(20.85)p   0.37p   6.64p  7.01p
           ======  ======= =======  ======   =====  =====

The revenue column of this statement is the revenue
account of the Company.  All revenue and capital
items in the above statement derive from continuing
operations.  No operations were acquired or discontinued
in the period.


Balance Sheet

                31/10/00  30/04/00 31/10/99
             (Unaudited) (Audited)(Unaudited)
                   £'000     £'000    £'000
                        
Fixed Assets                               
-Investments      68,042    92,616   89,815

Current Assets                             
-Amounts due         302     2,727    4,639
 from brokers
-Tax recoverable     278       298      287
-VAT recoverable      44        40       63
-Prepayments and      57         7      163
accrued income
-Cash at bank      3,556     5,451    2,586
                  ------    ------  -------
                   4,237     8,523    7,738
                  ------    ------  -------
Creditors:                                 
amounts falling
due within one
year
-Amounts owed to       -         -    3,713
 brokers
-Tax payable           -         -       88
-Accruals and        224       330       96
 deferred
 income
-Proposed              -       695        -
 dividend
-Term loan             -     3,060    3,855
                 -------    ------  -------
                     224     4,085    7,752
                 -------    ------  -------
Net current        4,013     4,438     (14)
assets/
(liabilities)
                 -------    ------  -------
Total assets      72,055    97,054   89,801
less current
liabilities
                 =======    ======   ======
Capital and                                
reserves
-Called-up share  10,696    11,096   11,246
 capital
-Share premium    74,588    74,588   73,587
 account
Other reserves                             
-Capital             550       150        -
 redemption
 reserve
-Special reserve  26,269    28,928   30,000
-Capital        (30,463)  (37,205) (43,318)
 reserve
 realised
-Capital        (10,250)    18,989   17,055
 reserve
 unrealised
-Revenue reserve     665       508    1,231
                 -------    ------  -------
Equity            72,055    97,054   89,801
Shareholders'
Funds
                 =======    ======   ======
Net asset                             
value per                                     
ordinary
share-note 4                               
-Basic             67.4p     87.5p    79.9p
-Diluted (AITC     73.0p     89.6p    83.2p
 basis)
                 =======    ======   ======


Cash Flow Statement

                     Six                  Six
               months to   Year to  months to
                31/10/00   30/4/00   31/10/99
             (Unaudited) (Audited)(Unaudited)
                   £'000     £'000      £'000
                        
Cash flow from      (83)       229       83
operating
activities

Returns on         (362)     (299)     (73)
investments
and servicing 
of finance

Taxation              76       338      338

Capital                                    
expenditure                                
and financial                                  
investment
- Purchase of   (51,388)  (75,387) (31,372)
  investments
- Sale of         56,107    75,807   28,039
  investments

Equity             (695)   (1,057)  (1,057)
dividends
paid
                 -------   -------  -------
Net cash           3,656     (369)  (4,042)
inflow/
(outflow)
before
management
of liquid
resources and
financing

Management of    (1,560)     1,372    1,372
liquid
resources

Financing        (5,718)     2,989    3,855
                 -------   -------  -------
(Decrease)/      (3,622)     3,992    1,185
increase in
cash in the
period

Cash (outflow)/    1,560   (1,372)  (1,372)
inflow from
increase/
(decrease)
in liquid
resources

Cash outflow/      3,060   (3,060)  (3,855)
(inflow)from
(increase)/
decrease in
debt

Translation          167      (86)    (144)
difference
                 -------   -------  -------
Movement in        1,165     (526)  (4,186)
net funds in
the period

Net funds at       2,391     2,917    2,917
beginning of
period
                 -------   -------  -------
Net funds at       3,556     2,391  (1,269)
end of period


Reconciliation of movement in shareholders' funds

                     Six                 Six
               months to  Year to  months to
                31/10/00  30/4/00   31/10/99
             (Unaudited) (Audited)(Unaudited)
                   £'000    £'000      £'000
                        
Revenue return/      157     (303)      420
(loss) for the
period

Capital (loss)/  (22,497)    15,517    7,470
return for the
period

Proceeds from          -     1,001        -
liquidation of
Drayton Far
Eastern Trust

Shares           (2,659)   (1,072)        -
purchased
for cancellation

                 -------    ------   ------
Net movement    (24,999)    15,143    7,890
in share-
holders'
funds

Opening           97,054    81,911   81,911
shareholders'
funds
                 -------   -------  -------
Closing           72,055    97,054   89,801
shareholders'
funds


Notes to the interim accounts

1. Investment management fees and interest payable on
borrowings are allocated 75% to capital reserve-realised
and 25% to revenue reserve.

2. Basic revenue return per ordinary share is based on
the net revenue on ordinary activities after taxation and
on 107,136,855 (30 April 2000: 112,289,389; 31 October
1999: 112,461,992) ordinary shares, being the weighted
average number of shares in issue during the period.

Basic capital return per ordinary share is based on net
capital gains on ordinary activities after taxation and
on 107,136,855 (30 April 2000: 112,289,389; 31 October
1999: 112,461,992) ordinary shares, being the weighted
average number of shares in issue during the period.

3. No interim dividend has been declared in respect of the
year ending 30 April 2001 (2000 - nil).

4. The basic net asset value per ordinary share of 10p
has been calculated on net assets of £72,055,000 (30
April 2000: £97,054,000; 31 October 1999: £89,801,000)
and 106,961,992 shares in issue during the period (30
April 2000: 110,961,992; 31 October 1999: 112,461,992).
On 9 May 2000 the Company purchased 4,000,000 ordinary
shares in the market for cancellation at a price of 66p
per ordinary share.

5. It is the intention of the Directors to conduct the
affairs of the Company so that it satisfied the
conditions for approval as an investment trust company
set out in section 842 of the Income and Corporation
Taxes Act 1988.

6. The foregoing information at 30 April 2000 is an
abridged version of the Company's full accounts which
carry an unqualified Auditor's Report and which have been
filed with the Registrar of Companies.

7. Neither the Manager nor any affiliated company
throughout the AMVESCAP Group has experienced any
difficulties with the Y2K transition.  The costs of the
Manager's year 2000 project has been borne by the
Manager.



Alex Proudler
INVESCO ASSET MANAGEMENT LIMITED