Dividend Declaration

European Assets Trust NV
1 November 2001


November 2001 Dividend

European Assets Trust announces that the gross dividend of Euro 0.13 for
November 2001 will be paid on 21 November 2001 to shareholders on the Register
on 9 November 2001.


Enquiries:
Michael Campbell, Friends Ivory & Sime plc               Tel:  [phone]