RNS Number:7092U
American Investment Trust Limited
27 January 2004

Aberdeen Asset Management Limited announces the unaudited net asset values of
the following Investment Trust as at close of business on 23 January 2004

American Investment Trust                0.00p     XD Ordinary 
American Investment Trust                37.686p   ZDP         
American Investment Trust**              0.00p     XD Annuity  

**"As disclosed in the recently published 2002 Annual Report, in the event of   
   a winding up of the Company, the Articles of Association give a priority
   participation right in the assets of the Company to holders of Annuity
   Shares, after payment of the liabilities and satisfying the claims of
   creditors (including payment of amounts due to American ZDP Limited in
   respect of its liability on the Zero Dividend Preference Shares). Any surplus
   is used to pay 1p per share to Annuity shareholders, together with arrears of
   dividends not declared. At present valuations, no such surplus would be
   available."



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