Portfolio Update

British Assets Trust PLC
04 April 2006

To:                RNS

From:              British Assets Trust plc

Date:              04-Apr-06



Listing Rule 15



In accordance with paragraph 15.4.11(2) of the Listing Rules British Assets
Trust plc announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 31-Mar-06:




British Assets Trust
Top 10 Holdings
Company                                            % Total Assets
BP                                                 6.0
HSBC                                               4.6
Glaxosmithkline                                    3.8
Royal Dutch Shell B                                3.6
Vodafone                                           3.3
RBS Grp                                            2.8
Astrazeneca                                        1.6
HBOS                                               1.6
Anglo American                                     1.6
Barclays                                           1.5
Holdings greater than 5% of total fund value
BP                                                 6.0





For further information please contact:



Gordon Hay Smith

F&C Asset Management plc

0131 465 1000



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