Portfolio Update

British Assets Trust PLC
03 January 2008




To:                  RNS

From:                British Assets Trust plc

Date:                03-Jan-08



Portfolio Update



The largest ten investments and all investments with a value greater than 5% of
total assets as at 31-Dec-07 are




British Assets Trust
Top 10 Holdings
Company                                            % Total Assets
BP                                                 5.4
Vodafone                                           3.2
Glaxosmithkline                                    2.7
Royal Dutch Shell B                                2.4
RBS Group                                          2.3
HSBC                                               2.3
Astrazeneca                                        2.0
Anglo American                                     2.0
Centrica                                           2.0
Standard Life Euro                                 1.8





This announcement is made in accordance with the UKLA Listing Rules.





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