Portfolio Update

Personal Assets Trust PLC
05 May 2005


          
To:       RNS
From:     Personal Assets Trust plc
Date:     05-May-05


Listing Rule 21


In accordance with paragraph 21.20 l (i) of the Listing Rules Personal Assets
Trust plc announces that, as at 30-Apr-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

     Advance UK Trust  plc                                     0.38%



For further information please contact:

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



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