Portfolio Update

Personal Assets Trust PLC
02 November 2005


               
To:            RNS

From:          Personal Assets Trust plc

Date:          02-Nov-05


Listing Rule 15

In accordance with paragraph 15.4.11(1) of the Listing Rules Personal Assets
Trust plc announces that, as at 31-Oct-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

The Second Alliance Trust                                             0.39
Independent Investment Trust plc                                      0.39
Advance UK Trust  plc                                                 0.39

                                                                      1.17

For further information please contact:

Gordon Hay Smith
F&C Asset Management plc
0131 465 1000




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