Purchase of Own Securities

British Assets Trust PLC
11 October 2000


The Board of British Assets Trust announce that on 11 October 2000, the
Company purchased 10,000 units of £0.10 nominal each of Equities Index
Unsecured Loan Stock 2005 (EIULS) for cancellation, at a price of 297.00 pence
per unit.  The Company has now bought in for cancellation a total of
134,797,440 units representing 95.68 per cent of the original units of EIULS
issued.  The Company now has 6,097,903 units of EIULS in issue.


Gordon J Humphries, Secretary, British Assets Trust PLC


Enquiries  :     Gordon Humphries,   tel: [phone]