Portfolio Update

British Assets Trust PLC
03 October 2006


               
To:            RNS
From:          British Assets Trust plc
Date:          03-Oct-06


Listing Rule 15

In accordance with paragraph 15.4.11(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 gross assets, as at 29-Sep-06:

British Assets Trust

Top 10 Holdings

Company                                            % Total Assets

BP                                                 5.5
HSBC                                               4.7
Royal Dutch Shell B                                3.7
Glaxosmithkline                                    3.7
Vodafone                                           3.1
RBS Grp                                            2.8
Astrazeneca                                        2.0
HBOS                                               1.8
Tesco                                              1.7
Anglo American                                     1.7

Holdings greater than 5% of total fund value

BP                                                 5.5


For further information please contact:

Gordon Hay-Smith
F&C Asset Management plc
0131 465 1000





                      This information is provided by RNS
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