Net Asset Value(s)

RNS Number:7085U
American Investment Trust Limited
27 January 2004


Aberdeen Asset Management Limited announces the unaudited net asset values of
the following Investment Trusts as at close of business on 26 January 2004
                                                                       
        American Investment Trust                0.00p     XD Ordinary 
        American Investment Trust                37.960p   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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