Net Asset Value(s)

European Assets Trust NV
25 September 2006

NAV as at close of business on 22/09/06

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

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


European Assets Trust                                                     871.89


Note: NAV is diluted, where appropriate.


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