Portfolio Update

British Assets Trust PLC
15 August 2006


British Asset Trust plc


ALL DATA AS AT 31st July 2006


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


Top ten equity holdings

BP Plc                      6.3%
HSBC Holdings               4.8%
Royal Dutch Shell           4.1%
Glaxo SmithKline            3.9%
Vodafone Group              3.0%
Royal Bank of Scotland      2.7%
AstraZeneca                 2.0%
Tesco                       1.7%
HBOS                        1.7%
Anglo American              1.7%

Total                      31.9%


Country

UK                         69.5%
Europe (ex UK)              5.1%
North America               9.9%
Japan                       5.0%
Far East (ex Japan)         3.2%
Corporate Bonds             5.5%
Cash                        1.8%

Total                     100.0%


Actual gearing:           124.0
Potential gearing:        126.4





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