Holding in Company

F&C Latin American Inv Trust PLC
31 October 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     F&C LATIN AMERICAN INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     F&C MANAGEMENT LIMITED

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

     NON-BENEFICIAL

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



5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

      ORDINARY SHARES OF 10 CENTS EACH

10)  Date of transaction



11)  Date company informed

      31/10/2001

12)  Total holding following this notification

      11,915,450
               
13)  Total percentage holding of issued class following this notification

      15.99%

14)  Any additional information

     CHANGE IN INTEREST AS A RESULT OF RECENT SALES ON BEHALF OF
     PORTFOLIOS MANAGED BY F&C MANAGEMENT.  THE INTEREST NOW COMPRISES:
       FOREIGN & COLONIAL INVESTMENT
        TRUST PLC (NO CHANGE IN HOLDING)         7,332,450
       OTHER NON-BENEFICIAL INTERESTS ARISING
         FROM DISCRETIONARY CLIENTS              4,583,000

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 ...31/10/2001....