Portfolio Update

Personal Assets Trust PLC
10 June 2004



To:            RNS

From:          Personal Assets Trust plc

Date:          02 June 2004



Listing Rule 21



In accordance with paragraph 21.20 l (i) of the Listing Rules Personal Assets
Trust plc announces that, as at 31 May 2004, 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                                                      0.37%



For further information please contact:

Gordon Hay Smith

ISIS Asset Management plc

0131 465 1000




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