Portfolio Update

European Assets Trust NV
11 January 2007


European Assets Trust NV





ALL DATA AS AT 31st December 2006



THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.com/ FROM APPROXIMATELY 18th January 2007




Top ten equity holdings

Andritz   4.2%
Nexity   3.9%
Kingspan   3.7%
C&C Group  3.7%
Topdanmark  3.7%
Anglo Irish Bank  3.4%
Logitech 3.4%
Trevi Finanziaria  3.1%
Indra Sistemas  3.0%
Piaggio & C  2.9%
Total  35.0%




Country allocation

France    12.6%
Ireland   17.5%
Spain  8.7%
Italy  12.5%
Germany  5.4%
Austria  6.7%
Norway  6.8%
Switzerland  5.9%
Denmark  5.9%
Other  18.0%

Total  100.0%




Actual gearing:  99.9
Potential gearing:  104.1














                      This information is provided by RNS
            The company news service from the London Stock Exchange