Net Asset Value(s)

European Assets Trust NV
10 July 2006



NAV as at close of business on 07/07/06

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                                                  877.11


Note: NAV is diluted, where appropriate.



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