Discount Control Mechanism

F&C Latin American Inv Trust PLC
04 April 2005


Discount Control Mechanism


On 28 April 2004 F&C Latin American Investment Trust plc (the 'Company')
announced the introduction of a discount control mechanism whereby that the
Company would make a tender offer for 7.5% of the issued share capital if the
Ordinary shares traded on average at a discount of more than 13.5% to the fully
diluted net asset value per share (cum income) on the 60 days ending on 31 March
and 30 September in each year.

The Company announces that the average discount in the discount calculation
period ended 31 March 2005 was less than 13.5% and that accordingly no tender
offer has been triggered.



Enquiries

F&C Emerging Markets Limited:
Rupert Brand          0207-770 5274

UBS Limited:
Will Rogers           020 7568 2939



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