Month End Update

European Assets Trust NV
13 April 2006


European Assets Trust NV


ALL DATA AS AT 31st March 2006


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



Top ten equity holdings

Andritz  4.9%

Neochimiki Lavrentiadis  4.8%

Neopost             4.2%

Nexity  3.5%

Anglo Irish Bank  3.4%

OKO Bank  3.3%

Kingspan  3.2%

F-Secure  3.0%

Logitech  2.9%

IAWS  2.9%

Total  36.1%



Country

France  17.7%

Ireland  14.3%

Spain  12.6%

Italy  9.0%

Switzerland  7.7%

Germany  6.9%

Austria  6.7%

Finland  6.3%

Other  14.6%

Cash  4.2%

Total  100.0%


Actual gearing:                  102.6

Potential gearing:               107.2

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