Holding in Company

British Assets Trust PLC
7 December 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

BRITISH ASSETS TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CO-OPERATIVE INSURANCE SOCIETY LTD

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

AS 2

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

AS 2

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

GROWTH SHARES

10)  Date of transaction



11)  Date company informed

6/12/00

12)  Total holding following this notification

2,713,747
               
              
13)  Total percentage holding of issued class following this notification

5.10%

14)  Any additional information

CHANGE IN HOLDING IS A CONSEQUENCE OF STOCK LOAN RETURN

15)  Name of contact and telephone number for queries

DEREK OSBORNE
0131-465-1000

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

     Date of Notification ......7 DECEMBER 2000.......