Doc re. Annual Rpt & Accounts

Scottish American Investment Co PLC
24 February 2004

The Scottish American Investment Company P.L.C.

Annual Report and Accounts for the year ended 31/12/03



A copy of the above document has been submitted to the UK Listing Authority, and
will shortly be available for inspection at the UK Listing Authority's Document
Viewing Facility, which is situated at:



Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS



Tel. no. (0)20 7676 1000



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                24 February 2004






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