Top 10 Holdings

European Assets Trust NV
04 July 2006


To:                RNS
From:              European Assets Trust NV
Date:              04-Jul-06


Listing Rule 15

In accordance with paragraph 15.4.11(2) of the Listing Rules European Assets
Trust NV announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 30-Jun-06:


European Assets Trust
Top 10 Holdings

Company                                            % Total Assets
Neochimiki Lv Lavren                               5.0
Andritz                                            4.5
Neopost                                            4.2
Kingspan Group                                     3.5
Nexity                                             3.1
Anglo Irish Bank                                   3.1
Lindt & Spruengli                                  3.0
Topdanmark                                         3.0
Indra Sistemas                                     2.9
OKO Bank A Shs                                     2.9





For further information please contact:


Michael Campbell
F&C Asset Management plc
0131 465 1000







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