Holding(s) in Company

F&C Latin American Inv Trust PLC
14 May 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C Latin American Investment Trust PLC

2) Name of shareholder having a major interest

City of London Investment Management Company 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

Shares managed by City of London Investment Management Company Limited held on
behalf of:

a) The Emerging Markets Country Fund - 2,167,220 shares
b) Jap & Co - 594,509 shares
c) Airhorn & Co - 1,486,271 shares
d) Investable Emerging Markets Country Fund - 4,052,000 shares
e) The World Emerging Markets Umbrella Fund PLC - 1,775,000 shares
f) GFM Emerging Markets Country Fund - 265,000 shares
g) The Emerging (Free) Markets Country Fund - 865,000 shares
h) Monetary & Co - 650,000 shares


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

a) Mellon UK Nominees Ltd A/C BSDTUSD
b) State Street Bank and Trust Company
c) State Street Bank and Trust Company
d) Mellon UK Nominees Ltd A/C BSDTUSD
e) Mellon UK Nominees Ltd A/C BSDTUSD
f) Mellon UK Nominees Ltd A/C BSDTUSD
g) Mellon UK Nominees Ltd A/C BSDTUSD
h) State Street Bank and Trust Company

5) Number of shares/amount of stock acquired

Not advised

6) Percentage of issued class

Not advised

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 10 cents each

10) Date of transaction

Not advised

11) Date company informed

14 May 2004

12) Total holding following this notification

11,855,000

13) Total percentage holding of issued class following this notification

16.07%

14) Any additional information

n/a

15) Name of contact and telephone number for queries

David Fallon
Tel: [phone]

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

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


Date of notification: 14 May 2004


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