Portfolio Update

Personal Assets Trust PLC
01 December 2005

          
To:       RNS

From:     Personal Assets Trust plc

Date:     01-Dec-05


Listing Rule 15


In accordance with paragraph 15.4.11(1) of the Listing Rules Personal Assets
Trust plc announces that, as at 30-Nov-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

Independent Investment Trust plc                                                                0.43
The Second Alliance Trust                                                                       0.41
Advance UK Trust  plc                                                                           0.40
                                                                                                1.24

For further information please contact:

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




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