RNS Number:6823U
BFS Asian Assets Trust Ld
27 January 2004

BFS ASIAN ASSETS TRUST LIMITED

NET ASSET VALUES



As at 16 January 2004 the estimated net asset value (excluding current period
revenue) of each share class in issue was as follows:

JAPANESE INDEX SHARES 70.06 PENCE

INCOME SHARES 7.52 PENCE

CAPITAL SHARES 0.00 PENCE

GEARED ORDINARY UNITS 7.52 PENCE



Gross assets less current liabilities at the above date were #38.67m.




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