Month End Portfolio Update

European Assets Trust NV
13 March 2006

European Assets Trust NV





ALL DATA AS AT 28th February 2006



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




Top ten equity holdings                                                     %

1                            Neochimiki Lavrentiadis                      5.0
2                            Andritz                                      4.7
3                            Neopost                                      4.0
4                            OKO Bank                                     3.6
5                            Anglo Irish Bank                             3.5
6                            Nexity                                       3.3
7                            F-Secure                                     3.2
8                            Logitech                                     3.1
9                            Kingspan                                     3.1
10                           Lindt & Spruengli                            3.1

Total                                                                    36.6








Country                                %

France                              17.7
Ireland                             14.7
Spain                               10.9
Italy                                9.0
Switzerland                          8.4
Finland                              6.8
Germany                              6.7
Austria                              6.4
Cash                                 5.4
Greece                               5.0
Norway                               3.7
Belgium                              2.4
Denmark                              1.7
Sweden                               1.2
Total                              100.0






Actual gearing:                  101.8
Potential gearing:               107.5










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