Portfolio Update

Personal Assets Trust PLC
04 July 2006

To:           RNS

From:         Personal Assets Trust plc

Date:         04-July-06


Listing Rule 15


In accordance with paragraph 15.4.11(1) of the Listing Rules Personal Assets
Trust plc announces that, as at 30-June-06, 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                                                       0.41
Independent Investment Trust plc                                            0.31
                                                                            0.72


For further information please contact:

Steven Davidson
F&C Asset Management plc
0131 465 1000



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