RNS No 7816q
FRENCH PROPERTY TRUST PLC
24th July 1998


NAV's as at close of business on 23/07/98

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                130.16

Note:  NAVs are diluted, where appropriate.


END

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