Top 10

British Assets Trust PLC
5 January 2005


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




British Assets Trust
Top 10 Holdings
Company                                            % Total Assets
BP                                                 5.4
Vodafone                                           4.9
HSBC                                               4.8
Glaxosmithkline                                    3.8
Shell                                              2.9
RBS Grp                                            2.9
Barclays                                           2.1
HBOS                                               1.7
Lloyds TSB Grp                                     1.6
Astrazeneca                                        1.4
Holdings greater than 5% of total fund value
BP                                                 5.4





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