Month End Portfolio Update

European Assets Trust NV
13 July 2006

European Assets Trust NV


ALL DATA AS AT 30th June 2006


THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.com/ FROM APPROXIMATELY 18th July 2006


Top ten equity holdings

Neochimiki Lavrentiadis    4.9%
Andritz   4.5%
Neopost   4.2%
Kingspan   3.5%
Nexity   3.1%
Anglo Irish Bank   3.1%
Lindt & Sprungli   3.0%
Topdanmark   3.0%
Indra Sistemas   2.9%
OKO Bank   2.9%

Total  35.1%




Country allocation

France    16.3%
Ireland   15.0%
Spain  10.9%
Italy  9.7%
Germany  8.5%
Austria  7.0%
Norway  7.0%
Switzerland  5.8%
Greece  5.7%
Other1  4.1%

Total  100.0%




Actual gearing:  108.3
Potential gearing:  108.7




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