Portfolio Update

British Assets Trust PLC
11 January 2007



British Asset Trust plc

ALL DATA AS AT 31st December 2006


THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, 
http://www.fandc.com/ FROM APPROXIMATELY 18th January 2007.


Top ten equity holdings

BP Plc  5.1%
Royal Dutch Shell  4.2%
HSBC Holdings  4.2%
Glaxo SmithKline  3.2%
Vodafone Group  3.2%
Royal Bank of Scotland  2.8%
Anglo American  1.8%
Tesco  1.7%
Standard Life Euro Private Equity Trust  1.7%
Barclays  1.6%

Total  29.5%




Country

UK  65.6%
Europe (ex-UK)  5.7%
North America  10.1%
Japan  4.7%
Far East (ex-Japan) 3.5%
Corporate Bonds  5.2%
Cash  5.2%

Total    100.0%



Actual gearing:  118.3
Potential gearing:  124.8





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