Portfolio Update

European Assets Trust NV
04 April 2006

To:                RNS

From:              European Assets Trust plc

Date:              04-Apr-06



Listing Rule 15



In accordance with paragraph 15.4.11(2) of the Listing Rules European 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-06:




European Assets Trust
                                                    Top 10 Holdings
                                                    Company                                % Total Assets
                                                    Neochimiki Lv Lavren                   5.0
                                                    Andritz                                4.9
                                                    Neopost                                4.2
                                                    Nexity                                 3.5
                                                    Anglo Irish Bank                       3.3
                                                    OKO Bank A Shs                         3.3
                                                    Kingspan Group                         3.1
                                                    F Secure                               3.0
                                                    Logitech Inter(Regd)                   2.9
                                                    Iaws Group                             2.9





For further information please contact:



Michael Campbell

F&C Asset Management plc

0131 465 1000



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