Net Asset Value(s)

European Assets Trust NV
03 August 2006


NAV's as at close of business on 02/08/06

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                                                     854.44





Note: NAVs are diluted, where appropriate.


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