RNS No 2218r
FRENCH PROPERTY TRUST PLC
4th August 1998

Date:  NAV's as at close of business on 03/08/98

Ivory + Sime Investment Trusts announce the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)

French Property Trust                  131.70

Note:  NAVs are diluted, where appropriate.

END

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