Month End Portfolio Info

F&C Latin American Inv Trust PLC
17 February 2003

F&C LATIN AMERICAN INVESTMENT TRUST PLC

ALL DATA AS AT 31st January 2003

THIS DATA WILL BE AVAILABLE ON THE F&C MANAGEMENT WEB-SITE, www.fandc.com FROM
APPROXIMATELY 18th February 2003

GEOGRAPHIC ASSET ALLOCATION                                                   %
Brazil                                                                       38
Mexico                                                                       37
Cash and Fi                                                                  12
Chile                                                                        10
Argentina                                                                     2
Peru                                                                          1
                                                                           ----
Total                                                                       100
                                                                           ====
TOP 10 HOLDINGS                                                               %
Petroleo Brasileiros SA                                                    12.1
Telefonos De Mexico                                                         9.8
America Movil                                                               6.7
Grupo Financiero BBV Bancomer                                               6.4
Vale Rio Doce                                                               5.3
Ambev CIA De Bebidas                                                        5.1
Walmart De Mexico                                                           4.1
Grupo Televisa                                                              4.1
Cemex SA Spon                                                               3.9
Tele Norte Leste                                                            2.9
                                                                          -----
Total                                                                     60.40
                                                                          =====
EFFECTIVE GEARING                                                           15%



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