Net Asset Value(s)

European Assets Trust NV
30 January 2007


NAV's as at close of business on 29/01/07

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                                                     985.84


Note: NAVs are diluted, where appropriate.

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