RNS No 6626w
FRENCH PROPERTY TRUST PLC
22nd July 1998


NAV's as at close of business on 21/7/98

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                 129.47

Note:  NAVs are diluted, where appropriate.

END

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