Portfolio Update

European Assets Trust NV
14 June 2006



European Assets Trust NV


ALL DATA AS AT 31st May 2006



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



Top ten equity holdings


Neochimiki Lavrentiadis  5.4%
Andritz   4.5%
Neopost  4.1%
Kingspan  3.6%
Anglo Irish Bank  3.2%
Nexity  3.1%
OKO Bank  3.0%
Logitech 3.0%
Lindt & Sprungli  2.9%
F-Secure  2.8%

Total  35.6%





Geographic breakdown


France  17.1%
Ireland  15.1%
Spain  11.8%
Italy  10.0%
Switzerland  8.1%
Germany  7.7%
Austria  6.8%
Norway  6.6%
Finland  5.8%
Other  11.3%
Cash  -0.3%

Total





Actual gearing:  105.3
Potential gearing:   105.0














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