Director Shareholding

F&C Latin American Inv Trust PLC
22 March 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

F&C Latin American Investment Trust PLC

2) Name of director

Desmond Roderic O'Conor

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 or in respect of a
non-beneficial interest

Beneficial

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

Henderson Nominees Limited

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

It relates to the Director himself

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Purchase of shares under the F&C ISA scheme made on Mr O'Conor's behalf by the
administrator thereof, Cogent

7) Number of shares/amount of
stock acquired

10

8) Percentage of issued class

0.00001%

9) Number of shares/amount
of stock disposed

n/a

10) Percentage of issued class

n/a

11) Class of security

Ordinary Shares of US$0.10

12) Price per share

£1.385

13) Date of transaction

22 March 2002

14) Date company informed

22 March 2002

15) Total holding following this notification

6,927

16) Total percentage holding of issued class following this notification

0.009%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

n/a

18) Period during which or date on which exercisable

n/a

19) Total amount paid (if any) for grant of the option

n/a

20) Description of shares or debentures involved: class, number

n/a

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

n/a

22) Total number of shares or debentures over which options held
following this notification

n/a

23) Any additional information

n/a

24) Name of contact and telephone number for queries

Miss S. Cox - 020 7628 8000

25) Name and signature of authorised company official responsible for
making this notification


Miss S. Cox

For and on behalf of F&C Emerging Markets Limited, Secretary


Date of Notification

22 March 2002



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