Net Asset Value(s)

Personal Assets Trust PLC
02 September 2005

NAV's as at close of business on 01/09/05

F & C Asset Management plc Investment Trust announces the unaudited Net Asset
Value for the following Investment Trust.

                                                            (Pence per share)

Personal Assets Trust                                               23,868.19






Note: NAVs are diluted, where appropriate.





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