Portfolio Update

European Assets Trust NV
13 September 2006

European Assets Trust NV





ALL DATA AS AT 31st August 2006



THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, 
http://www.fandc.com/ FROM APPROXIMATELY 18th September 2006




Top ten equity holdings

Neochimiki Lavrentiadis    4.9%
Andritz   4.2%
Nexity   3.7%
Neopost   3.7%
C&C Group  3.5%
Kingspan   3.5%
OKO Bank   3.2%
Anglo Irish Bank 3.2%
Topdanmark   3.1%
Logitech 3.0%
Total  36.0%




Country allocation

France    15.0%
Ireland   16.2%
Spain  9.1%
Italy  11.4%
Germany  7.1%
Austria  6.7%
Norway  7.3%
Switzerland  5.7%
Greece  6.6%
Other  14.9%

Total  100.0%




Actual gearing:  108.7
Potential gearing:  109.8






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