Net Asset Value(s)

European Assets Trust NV
24 January 2006


NAV's as at close of business on 23/01/06

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                                                     805.81



Note: NAV is diluted, where appropriate.






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