Top Ten Holdings

F&C Latin American Inv Trust PLC
02 January 2004


F&C Latin American Investment Trust

Top ten holdings and all holdings over 5% of gross assets as at 31 December 2003

Stock                                            % of Gross
                                                 Assets

Petroleo Brasileiros SA                          8.3%
America Movil                                    6.1%
Telefonos De Mexico                              5.9%
Ambev CIA De Bebidas                             5.2%
Cemex SA Spon                                    4.9%
Banco Bradesco                                   4.7%
Grupo Televisa                                   4.6%
Banco Itau                                       4.6%
Tele Norte Leste                                 4.4%
Grupo Financiero BBV Bancomer                    4.3%


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