Top 10 Holdings

British Assets Trust PLC
4 April 2005


To:     RNS
From:   British Assets Trust plc
Date:   04-Apr-05



Listing Rule 21



In accordance with paragraph 21.20 l (ii) of the Listing Rules British Assets
Trust plc announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 31-Mar-05:




British Assets Trust
Top 10 Holdings
Company                                            % Total Assets
BP                                                 5.8
Vodafone                                           4.8
HSBC                                               4.5
Glaxosmithkline                                    3.8
Shell                                              3.2
RBS Grp                                            2.8
Barclays                                           1.9
HBOS                                               1.7
Astrazeneca                                        1.5
Lloyds TSB Grp                                     1.5
Holdings greater than 5% of total fund value
BP                                                 5.8





For further information please contact:


Gordon Hay Smith
ISIS Asset Management plc
0131 465 1000




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