Portfolio Update

Personal Assets Trust PLC
01 February 2005

To:                   RNS

From:                 Personal Assets Trust plc

Date:                 01-Feb-05





Listing Rule 21





In accordance with paragraph 21.20 l (i) of the Listing Rules Personal Assets
Trust plc announces that, as at 31-Jan-05, it had investments in the following
investment companies which do not have stated investment policies to invest no
more than 15% of their gross assets in other listed investment companies:




Holding                                                  % of Gross Assets

Advance UK Trust  plc                                                0.39%





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