Net Asset Value(s)

Personal Assets Trust PLC
17 August 2005

NAV's as at close of business on 16/08/05

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

(Pence per share)

Personal Assets Trust                                                23,864.24



Note: NAVs are diluted, where appropriate.



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