Net Asset Value(s)

British Assets Trust PLC
14 September 2005

NAV's as at close of business on 13/09/05

F & C Asset Management plc Investment Trusts announces the unaudited Net Asset
Values for the following Investment Trusts.

                                                               (Pence per share)


British Assets Trust                                                     136.20



Note: NAVs are diluted, where appropriate.


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