RNS No 3497f
FRENCH PROPERTY TRUST PLC 
6th August 1998


Date:  NAV as at close of business on 05/08/98

Ivory & Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                  (Pence per share)
French Property Trust                   130.43

Note:  NAVs are diluted, where appropriate.


END

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