Issue of Equity

Personal Assets Trust PLC
03 November 2004

To:                RNS

From:              Personal Assets Trust plc

Date               3 November 2004







Issue of Equity


The board of Personal Assets Trust plc announces that no shares were issued
during October 2004.


There are 650,533 shares in issue as at 31 October 2004.  This gives a market
capitalisation of £140.2m, based on a closing mid-price of £215.50.




For further details, please contact :-



Steven Budge, Personal Assets Trust plc          0131 225 9995
Gordon Hay Smith, F & C Asset Management plc     0131 465 1000








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