Month End Portfolio Update

British Assets Trust PLC
15 May 2006

British Asset Trust plc


ALL DATA AS AT 30th April 2006


THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, 
http://www.fandc.com/ FROM APPROXIMATELY 18th May 2006


Top ten equity holdings

BP Plc  6.1%
HSBC Holdings  4.5%
Royal Dutch Shell  4.5%
GlaxoSmithKline  4.0%
Vodafone Group  3.6%
Royal Bank of Scotland Group  2.7%
AstraZeneca  1.7%
Anglo American  1.6%
HBOS  1.6%
Barclays  1.5%

Total  31.8%



Country

UK  68.0%
Europe (ex-UK)  5.4%
North America  10.5%
Japan  5.6%
Far East (ex Japan)   3.5%
Corporate Bonds  5.4%
Cash  1.6%

Total    100.0



Actual gearing: 122.2
Potential gearing: 124.2



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