Holding(s) in Company

F&C Latin American Inv Trust PLC
07 July 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

F&C Latin American Investment Trust PLC ('LAIT')

2) Name of shareholder having a major interest

Foreign & Colonial Investment Trust plc ('FCIT')

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) above

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

Chase Nominees Limited

5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 10p each

10) Date of transaction

N/A

11) Date company informed

5 July 2004

12) Total holding following this notification

7,332,450

13) Total percentage holding of issued class following this notification

10.01%

14) Any additional information

The percentage holding of FCIT in LAIT increased from 9.97% to 10.01% following
the repurchase of 250,000 shares by LAIT on 1 July 2004.

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: 5 July 2004


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