Net Asset Value(s)

European Assets Trust NV
23 December 2005

NAV's as at close of business on 22/12/05

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

                                                               (Pence per share)




European Assets Trust                                               764.16






Note: NAVs are diluted, where appropriate.





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