RNS Number:3276S
American Investment Trust Limited
20 November 2003



Aberdeen Asset Management Limited announces the unaudited net asset values of
the following Investment Trust as at close of business on 19 November 2003


 American Investment Trust                0.00p      XD Ordinary 
 American Investment Trust                36.294p    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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