Dividend Declaration-Replcemt

Personal Assets Trust PLC
17 October 2002

To: Stock Exchange, Company Announcements

Date: 17 October 2002

From: Personal Assets Trust plc


The Dividend Declaration announcement released on 16 October 2002 at 16.39 under
RNS No 5842C should have been issued under the Company name of Personal Assets
Trust plc and not under the Company name of Collective Assets Trust plc. The
announcement is unchanged and is reproduced in full below.


First Interim Dividend



The Board of Personal Assets Trust plc has today declared a first interim
dividend for the year ended 30 April 2003 of £1.40 per share. The dividend will
be paid on 22 November 2002 to shareholders on the register on 8 November 2002.



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