Portfolio Update

Personal Assets Trust PLC
02 September 2005



To:                RNS
From:              Personal Assets Trust plc
Date:              02-Sep-05



Listing Rule 15



In accordance with paragraph 15.4.11(1) of the Listing Rules Personal Assets
Trust plc announces that, as at 31-Aug-05, it had investments in the following
investment companies which do not have stated investment policies to invest no
more than 15% of their gross assets in other listed investment companies:



Holding                                                 % of Gross Assets
The Second Alliance Trust                                            0.38
Independent Investment Trust plc                                     0.38
Advance UK Trust  plc                                                0.38
                                                                     1.14


For further information please contact:


Gordon Hay Smith
F&C Asset Management plc
0131 465 1000




                      This information is provided by RNS
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