RNS Number:2445Q
Collective Assets Trust PLC
26 September 2003


NAV as at close of business on 25/09/03

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

                                                            (Pence per share)

Collective Assets Trust                                               142.21



Note: NAV is diluted, where appropriate.


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

END

NAVEQLFLXKBBBBF