Net Asset Value(s)

Personal Assets Trust PLC
03 August 2005


NAV as at close of business on 02/08/05

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

                                                             (Pence per share)


Personal Assets Trust                                               23,820.99

Note: NAV is diluted, where appropriate.


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