RNS Number:2182L
British Assets Trust PLC
16 May 2003


NAV's as at close of business on 15/05/03

ISIS Asset Management plc Investment Trusts announces the unaudited Net Asset
Value for the following Investment Trusts.

(Pence per share)
British Assets Trust                                     101.89

Note: NAVs are diluted, where appropriate.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
NAVGUUMGAUPWGCQ