Holding in Company

F&C Latin American Inv Trust PLC
5 March 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

F&C LATIN AMERICAN INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

THE EQUITABLE LIFE ASSURANCE SOCIETY

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

IN (2)

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

NOT SUPPLIED

5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

1,050,000

8)   (1.41 %) of issued Class

9)   Class of security

ORDINARY SHARES OF $0.10 EACH

10)  Date of transaction

1 MARCH 2001

11)  Date company informed

5 MARCH 2001

12)  Total holding following this notification

5,375,922
               
              
13)  Total percentage holding of issued class following this notification

7.21%

14)  Any additional information

Sale of Equitable Investment Fund Managers Limited, the OEIC fund manager and
sole director to Halifax Group plc, effective on 1 March 2001.

15)  Name of contact and telephone number for queries

S.A. Cox (Miss)
020 7454 1412

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

     Date of Notification 5 March 2001