Portfolio Update

British Assets Trust PLC
16 February 2006


British Asset Trust plc

ALL DATA AS AT 31st January 2006


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


Top ten equity holdings                                                    %

1                    BP Plc                                               6.3
2                    Royal Dutch Shell                                    4.7
3                    HSBC Holdings                                        4.6
4                    Glaxo SmithKline                                     3.8
5                    Vodafone Group                                       3.6
6                    Royal Bank of Scotland Group                         2.7
7                    HBOS                                                 1.7
8                    AstraZeneca                                          1.6
9                    Anglo American                                       1.6
10                   Standard Life European Private Equity Trust          1.4

Total                                                                    32.0


Country                                      %

UK                                           68.4
Europe (ex UK)                               5.2
North America                                10.6
Japan                                        5.7
Far East (ex Japan)                          3.4
Corporate Bonds                              5.8
Cash                                         0.9

Total                                        100.0


Actual gearing:                              124.0
Potential gearing:                           125.1







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