Net Asset Value(s)

Personal Assets Trust PLC
23 September 2005


Date of Announcement: 23/09/05 - NAV's as at close of business on 22/09/05

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

(Pence per share)

Personal Assets Trust                                                  24,186.36

Note: NAVs are diluted, where appropriate.


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