Net Asset Value(s)

European Assets Trust NV
24 October 2006



NAV as at close of business on 23/10/06

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              920.68



Note: NAVs are diluted, where appropriate.




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