Transaction in Own Shares

British Assets Trust PLC
08 January 2008

TO:        RNS

DATE:      8 January 2008

SUBJECT:   British Assets Trust plc





TRANSACTION IN OWN SECURITIES



The Board of British Assets Trust plc announces that on 7 January 2008 the
Company purchased for cancellation 1,000,000 ordinary shares of 25p at a price
of 135.00p per share.



Following this purchase there are now 297,512,282 ordinary shares of 25p with
voting rights in British Assets Trust plc.



The above figure (297,512,282) may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, British Assets Trust plc
under the FSA's Disclosure and Transparency Rules.







All Enquiries:



G R Hay Smith          F&C Investment Business Limited  020 7628 8000

Company Secretary




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