RNS No 9821u
FRENCH PROPERTY TRUST PLC
29th July 1998

Date: NAV's as at close of business on 28/7/98

Ivory & Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.

                                 (Pence per share)

French Property Trust                130.38


Note:  NAVs are diluted, where appropriate.


END

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