Portfolio Update

British Assets Trust PLC
02 October 2007




To:           RNS
From:         British Assets Trust plc
Date:         02-Oct-07



Listing Rule 15



In accordance with paragraph 15.6.8(2) of the Listing Rules British Assets Trust
plc announces its top ten holdings, including all holdings with a value greater
than 5% of its total assets, as at 30-Sep-07:




British Assets Trust
Top 10 Holdings
Company                                            % Total Assets
BP                                                 5.1
Vodafone                                           4.2
Royal Dutch Shell                                  2.6
HSBC                                               2.4
Astrazeneca                                        2.2
Anglo American                                     2.2
Centrica                                           2.1
BAE Systems                                        1.9
Standard Life Euro                                 1.9
Glaxosmithkline                                    1.9
Holdings greater than 5% of total fund value
BP                                                 5.1





For further information please contact:

Michael Campbell
F&C Investment Business Limited
0207 628 8000




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