Month end portfolio info

European Assets Trust NV
17 October 2005


European Assets Trust plc

ALL DATA AS AT 30th September 2005

THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEBSITE, http://
www.fandc.com/ AND THE ZEROCHARGETM WEBSITE, www.zerocharge.co.uk FROM
APPROXIMATELY 18th October 2005


    Position     Top Ten Equity Holdings                     %

     1            Neopost                                 4.5
     2            Indra Sistemas                          4.3
     3            Logitech                                3.9
     4            Fadesa Inmobiliaria                     3.8
     5            Andritz                                 3.5
     6            Boliden                                 3.2
     7            Neochimiki Lavrentiadis                 3.2
     8            Voestalpine                             3.0
     9            Latecoere                               2.9
     10           Astaldi                                 2.9
                  Total                                  35.2


    Country (or region) / Sector         %

France                                   17.1
Spain                                    15.2
Switzerland                              11.7
Cash                                     11.5
Ireland                                  10.6
Italy                                     8.9
Austria                                   6.5
Germany                                   4.1
Sweden                                    3.8
Greece                                    3.2
Luxembourg                                3.1
Belgium                                   1.9
Finland                                   1.7
Netherlands                               0.7

Total                                   100.0




Actual Gearing                        95.0%
Potential Gearing                    107.4%




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