Portfolio Update

F&C Latin American Inv Trust PLC
01 July 2004



The Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP                                   01 July 2004

Dear Sir

F&C Latin American Investment Trust

The top ten holdings and all holdings over 5% of gross assets as at 30 June 2004
were:


Stock                                                                                   % of Gross
                                                                                            Assets
Petroleo Brasileiros SA                                                                       8.5%
America Movil                                                                                 7.8%
Banco Itau                                                                                    4.4%
Cemex SA Spon                                                                                 4.1%
CIA Energetica Minas Gerais                                                                   4.0%
Telefonos De Mexico                                                                           3.8%
Grupo Televisa                                                                                3.4%
Tele Norte Leste                                                                              2.8%
Banco Bradesco                                                                                2.8%
Walmart De Mexico                                                                             2.6%


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