Portfolio Update

British Assets Trust PLC
18 April 2007

British Asset Trust plc



ALL DATA AS AT 31st March 2007



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




Top ten equity holdings

BP Plc                                     4.5%
GlaxoSmithKline                            4.2%
Vodafone Group                             3.8%
Royal Dutch Shell                          3.4%
Royal Bank of Scotland                     2.8%
HSBC Holdings                              2.7%
Anglo American                             2.6%
Rio Tinto                                  2.0%
Standard Life Euro Private Equity Trust    2.0%
Unilever                                   1.7%

Total                                     29.7%







Country

UK                                      65.5%
Europe (ex-UK)                           6.0%
North America                           10.0%
Japan                                    4.9%
Far East (ex-Japan)                      3.6%
Corporate Bonds                          5.3%
Cash                                     5.1%

Total                                  100.0%




Actual gearing:                        118.2
Potential gearing:                     124.4














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