Portfolio Update

F&C Latin American Inv Trust PLC
02 April 2004


F&C Latin American Investment Trust

Top ten holdings and all holdings over 5% of gross assets as at

31 March 2003

Stock                                                              % of Gross
                                                                       Assets
Petroleo Brasileiros SA                                                  9.9%
America Movil                                                            9.1%
Grupo Televisa                                                           4.1%
Cemex SA Spon                                                            4.1%
Telefonos De Mexico                                                      3.9%
CIA Energetica Minas Gerais                                              3.8%
Tele Norte Leste                                                         3.7%
Banco Itau                                                               3.6%
Telecomunicacoes Brasileros                                              3.3%
Banco Bradesco                                                           3.2%


                      This information is provided by RNS
            The company news service from the London Stock Exchange