RNS Number:5931S
American Investment Trust Limited
27 November 2003



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

The American Investment Trust Limited

2. Name of shareholder having a major interest

Funds under the management of Aberdeen Asset Management PLC

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

7,750,000

8. Percentage of issued class

5.74%

9. Class of security

Ordinary 1p shares

10. Date of transaction

25 November 2003



11. Date company informed

27 November 2003

12. Total holding following this notification

16,821,352 Ordinary 1p shares

13. Total percentage holding of issued class following this notification

12.46%

14. Any additional information

The breakdown of holdings are as follows:

Fund Name           Registered Name       Number of     Percentage of
                                          shares        issued share
                                          held          cap.

Aberdeen High       State Street          Nil           Nil
Income Trust PLC    Nominees Ltd for
                    XCC4

The Media & Income  State Street          1,786,856     1.32%
Trust PLC           Nominees Ltd for
                    XCD7

Broadgate           State Street          500,000       0.37%
Investment Trust    Nominees Ltd for
PLC                 XCD3

Aberdeen Preferred  State Street          10,375,146    7.69%
Income Trust PLC    Nominees Ltd for
                    XCC8

European Growth &   State Street          1,250,000     0.93%
Income Trust PLC    Nominees Ltd for
                    XCJ6

Technology &        HSBC Bank             Nil           Nil
Income Trust        International
Limited             Limited 1065701

The European        HSBC Bank             1,085,000     0.80%
Monthly Income      International
Trust Ltd           Limited 11493101

Murray Global       Chase Nominees Ltd    374,350       0.28%
Return Trust PLC

Edinburgh Pacific   HSBC Bank             1,450,000     1.07%
& Income Trust      International
PLC                 Limited 11569301


15. Name of contact and telephone number for queries

Ruth Humphrey, 020 7463 6305

16. Name and signature of authorised company official responsible for making
this notification

Aberdeen Asset Management PLC - Secretary

Date of notification

27 November 2003




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

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