Portfolio Update

British Assets Trust PLC
14 June 2006


British Asset Trust plc



ALL DATA AS AT 31st May 2006



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



Top ten equity holdings


BP Plc  6.0%
HSBC Holdings  4.7%
Royal Dutch Shell  4.5%
Glaxo SmithKline  4.0%
Vodafone Group  3.6%
Royal Bank of Scotland  2.8%
AstraZeneca  1.7%
Anglo American  1.6%
HBOS  1.6%
Barclays  1.5%

Total  32.0%




Geographic breakdown


Country

UK    68.5%
Europe (ex UK)   5.4%
North America   10.3%
Japan   5.3%
Far East (ex Japan)   3.4%
Corporate Bonds   5.8%
Cash   1.3%

Total    100.0%



Actual gearing:  124.7
Potential gearing:  126.3














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