RNS No 7343a
THE FIVE ARROWS CHILE INVESTMENT TRUST LIMITED
1st July 1997

THE FIVE ARROWS CHILE INVESTMENT TRUST LIMITED (THE COMPANY)
SHARE REPURCHASES
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IN ACCORDANCE WITH THE ANNOUNCEMENT ON 7 AUGUST 1996 OF THE BOARD'S
INTENTION TO SEEK SHAREHOLDER APPROVAL TO REPURCHASE ORDINARY SHARES
IN THE COMPANY AND FOLLOWING THE PASSING OF THE SPECIAL RESOLUTION
BY SHAREHOLDERS AT THE EXTRAORDINARY GENERAL MEETING OF THE COMPANY
ON 22 AUGUST 1996 AUTHORISING SUCH REPURCHASE, THE COMPANY HAS ON 30
JUNE 1997 REPURCHASED 200,000 ORDINARY SHARES OF USDOLLAR 0.01 EACH
IN THE COMPANY THROUGH THE AGENCY OF MERRILL LYNCH INTERNATIONAL.

THE PRICE PAID PER ORDINARY SHARE WAS USDOLLAR 3.415 PER SHARE. THE
HIGHEST PRICE PAID WAS USDOLLAR 3.415 PER SHARE AND THE LOWEST PRICE
WAS USDOLLAR 3.415 PER SHARE. THIS REPRESENTS 0.2242 PER CENT OF THE
COMPANY'S ISSUED ORDINARY SHARE CAPITAL.


FOR THE SECRETARY
ROTHSCHILD ASSET MANAGEMENT (C.I.) LIMITED


ENQUIRIES:     TODD FOWER
               THE FIVE ARROWS CHILE INVESTMENT TRUST LIMITED
               01481 719668

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