Net Asset Value(s)

Personal Assets Trust PLC
20 December 2005

Date of Announcement: 20/12/05-NAV's as at close of business on 19/12/05

F & C Asset Management plc Investment Trusts announces the unaudited Net Asset
Values for the following Investment Trusts.

                                                                (Pence per share)


Personal Assets Trust                                                  24,456.03


Note: NAVs are diluted, where appropriate.


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