Asset Allocation

Baring Emerging Europe Trust PLC
3 October 2000


Asset allocation as at 30 September 2000

                                   Total

Central Europe                     

Czech Rep                           7.17%
Croatia                             1.83%
Estonia                             1.00%
Hungary                            28.45%
Poland                             17.33%
Slovenia                            0.37%


Eastern Mediterranean

Turkey                              0.04%


Russia                             36.61%

Cash & Equivalent                   7.20%
                                  100.00%