Portfolio Update

Personal Assets Trust PLC
03 March 2006


To:      RNS
From:    Personal Assets Trust plc
Date:    03-Mar-06


Listing Rule 15

In accordance with paragraph 15.4.11(1) of the Listing Rules Personal Assets
Trust plc announces that, as at 28-Feb-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
Independent Investment Trust plc                                        0.34
The Second Alliance Trust                                               0.42
Advance UK Trust  plc                                                   0.42
                                                                        1.18



For further information please contact:

Steven Davidson
F&C Asset Management plc
0131 465 1000



                      This information is provided by RNS
            The company news service from the London Stock Exchange