Dividend Declaration

European Assets Trust NV
3 April 2001


April 2001 Dividend

European Assets Trust announces that the dividend of Euro 0.13 for April 2001
will be paid on 25 April 2001 to shareholders on the Register on 17 April
2001.

Enquiries:

Keith Hannay, Friends Ivory & Sime plc,
Investment Adviser to European Assets Trust NV       tel: [phone]