RNS No 5153d
MORGAN GRENFELL LATIN AMERICAN COMPANIES TRUST PLC
22 October 1999


TO: COMPANY ANNOUNCEMENT OFFICE

We  wish  to  announce that we have today been notified by Lake Asset
Management Ltd.  that it has a notifiable interest in 1,955,000 of this
Company's  ordinary shares, which represents 3.16% of the issued share
capital. The shares are  held on behalf of its client The Metage Special
Emerging Markets Fund Ltd.


FROM : M Pope
       Assistant Company Secretary

END

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