Top Ten Holdings

Personal Assets Trust PLC
02 November 2004

To:                RNS

From:              Personal Assets Trust

Date:              02 November 2004



Listing Rule 21



In accordance with paragraph 21.20 l (ii) of the Listing Rules Personal Assets
Trust announces its top ten holdings, including all holdings with a value
greater than 5% of its gross assets, as at 31 October 2004:








Personal Assets Trust
Top 10 Holdings
Company                                            % Total Assets
CA 0% 011204 Strip                                 48.9
Std Life Inv-Ins Shs                               6.7
RBS Grp                                            5.9
BP                                                 5.5
HBOS                                               4.6
Shell                                              4.0
Barclays                                           3.7
Glaxosmithkline                                    3.0
Scottish & Newcastle                               2.4
BT Group                                           1.6
Holdings greater than 5% of total fund value
CA 0% 011204 Strip                                 48.9
Std Life Inv-Ins Shs                               6.7
RBS Grp                                            5.9





For further information please contact:



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






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