RNS No 1142m
FRENCH PROPERTY TRUST PLC
9th July 1998


Date:  NAV as at close of business on 08/07/98

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                  128.54

Note:  NAV is diluted, where appropriate.

END

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