Month End Portfolio Update

British Assets Trust PLC
14 March 2006


British Asset Trust plc





ALL DATA AS AT 28th February 2006



THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.com/ FROM APPROXIMATELY 18th March 2006






Top ten equity holdings                                                   %


1          BP Plc                                                        5.9
2          HSBC Holdings                                                 4.8
3          Royal Dutch Shell                                             4.2
4          Glaxo SmithKline                                              3.8
5          Vodafone Group                                                3.3
6          Royal Bank of Scotland Group                                  3.0
7          HBOS                                                          1.8
8          Anglo American                                                1.5
9          AstraZeneca                                                   1.5
10         Barclays                                                      1.5

Total                                                                   31.3










Country                                           %

UK                                              67.8
Europe (ex UK)                                   5.3
North America                                   10.7
Japan                                            5.6
Far East (ex Japan)                              3.4
Corporate Bonds                                  5.7
Cash                                             1.5

Total                                          100.0








Actual gearing:                               123.3
Potential gearing:                            125.1














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