Top Ten Holdings

European Assets Trust NV
04 January 2007

To:          RNS
From:        European Assets Trust plc
Date:        04-Jan-07



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 31-Dec-06:




European Assets Trust
Top 10 Holdings

Company                                            % Total Assets
Andritz                                            4.3
Nexity                                             4.0
Kingspan Group                                     3.8
C&C Group                                          3.8
Topdanmark                                         3.8
Anglo Irish Bank                                   3.5
Logitech Intl (Regd)                               3.5
Trevi Finanziaria                                  3.3
Indra Sistemas                                     3.1
Iaws Group                                         3.0





For further information please contact:

Michael Campbell
F&C Asset Management plc
0131 718 1000






                      This information is provided by RNS
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