Net Asset Value(s)

European Assets Trust NV
23 August 2006

NAV's as at close of business on 22/08/06

F & C Asset Management plc Investment Trusts announces the unaudited Net Asset
Values for the following Investment Trusts.

(Pence per share).  Investments valued on a bid price basis.




European Assets Trust                                                 847.1




Note: NAVs are diluted, where appropriate.



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