Top 10 Holdings

Personal Assets Trust PLC
1 February 2005




To:                   RNS

From:                 Personal Assets Trust plc

Date:                 01-Feb-05



Listing Rule 21



In accordance with paragraph 21.20 l (ii) of the Listing Rules Personal Assets
Trust plc announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 31-Jan-05:




Personal Assets Trust
Top 10 Holdings

Company                                            % Total Assets
FR 0% 250405 OAT                                   42.3
RBS Grp                                            6.9
Std Life Inv-Ins Shs                               6.3
BP                                                 6.1
HBOS                                               5.5
Shell                                              4.8
Barclays                                           4.3
Glaxosmithkline                                    2.9
Scottish & Newcastle                               2.4
BT Group                                           1.7
Holdings greater than 5% of total fund value
FR 0% 250405 OAT                                   42.3
RBS Grp                                            6.9
Std Life Inv-Ins Shs                               6.3
BP                                                 6.1
HBOS                                               5.5





For further information please contact:



Gordon Hay Smith

F&C Asset Management plc

0131 465 1000








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