Portfolio Update

European Assets Trust NV
03 October 2006



               
To:            RNS
From:          European Assets Trust plc
Date:          03-Oct-06


Listing Rule 15

In accordance with paragraph 15.4.11(2) of the Listing Rules European Assets
Trust plc announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 29-Sep-06:

European Assets Trust

Top 10 Holdings

Company                                            % Total Assets

Neochimiki Lv Lavren                               4.7
C&C Group                                          4.1
Nexity                                             3.9
Kingspan Group                                     3.9
Neopost                                            3.6
Andritz                                            3.4
OKO Bank A Shs                                     3.1
Anglo Irish Bank                                   3.1
Indra Sistemas                                     3.1
Logitech Intl (Regd)                               2.9


For further information please contact:

Michael Campbell
F&C Asset Management plc
0131 465 1000



                      This information is provided by RNS
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