Holding in Company

British Assets Trust PLC
13 September 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

BRITISH ASSETS TRUST

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

HERMES ADMINISTRATION SERVICES LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

BRITEL FUND NOMINEES LTD

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

GROWTH SHARES

10)  Date of transaction

-

11)  Date company informed

13/9/00

12)  Total holding following this notification

1,288,878
               
              
13)  Total percentage holding of issued class following this notification

2.40%

14)  Any additional information



15)  Name of contact and telephone number for queries

STEVEN DAVIDSON
0131-465-1000

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .......13/9/2000...