Top 10 Holdings

British Assets Trust PLC
5 July 2005



To:       RNS
From:     British Assets Trust plc
Date:     05-Jul-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 30-Jun-05:

British Assets Trust
Top 10 Holdings
Company                                            % Total Assets
BP                                                 5.9
HSBC                                               4.6
Vodafone                                           4.5
Glaxosmithkline                                    4.0
Shell                                              3.5
RBS Grp                                            2.7
HBOS                                               1.7
Barclays                                           1.6
Astrazeneca                                        1.6
Lloyds TSB Grp                                     1.4
Holdings greater than 5% of total fund value
BP                                                 5.9


For further information please contact:

Gordon Hay Smith
F&C Asset Management plc
0131 465 1000
                    


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