Portfolio Update

British Assets Trust PLC
13 December 2006

British Asset Trust plc


ALL DATA AS AT 30th November 2006


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



Top ten equity holdings

BP Plc  5.2%
Royal Dutch Shell  4.3%
HSBC Holdings  4.3%
Glaxo SmithKline  3.3%
Vodafone Group  3.1%
Royal Bank of Scotland  2.7%
Anglo American  1.7%
AstraZeneca  1.7%
Tesco  1.7%
Standard Life Euro Private Equity Trust  1.7%

Total  29.7%





Country

UK  65.4%
Europe (ex-UK)  5.4%
North America  10.2%
Japan  4.6%
Far East (ex-Japan) 3.5%
Corporate Bonds  5.5%
Cash  5.4%

Total    100.0%




Actual gearing:  118.7
Potential gearing:  125.5














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