Net Asset Value(s)

RNS Number:5459U
American Investment Trust Limited
22 January 2004


Aberdeen Asset Management Limited announces the unaudited net asset values of
the following Investment Trusts as at close of business on 21 January 2004

American Investment Trust                        0.00p   XD Ordinary
American Investment Trust                      37.846p   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."


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

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