Portfolio Update

British Assets Trust PLC
13 September 2006

British Asset Trust plc



ALL DATA AS AT 31st August 2006



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




Top ten equity holdings

BP Plc  5.8%
HSBC Holdings  4.7%
Royal Dutch Shell  4.6%
Glaxo SmithKline  3.9%
Vodafone Group  2.9%
Royal Bank of Scotland  2.8%
AstraZeneca  2.0%
Tesco  1.8%
HBOS  1.7%
Anglo American  1.7%

Total  31.9%







Country

UK  69.2%
Europe (ex UK)  5.2%
North America  9.9%
Japan  5.0%
Far East (ex Japan) 3.1%
Corporate Bonds  5.4%
Cash  2.2%

Total    100.0%




Actual gearing:  123.6
Potential gearing:  126.3






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