RNS No 3811x
FRENCH PROPERTY TRUST PLC
2nd September 1998


Date:  NAV's as at close of business on 01/09/98
Ivory + Sime Investment Trust announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust               115.66

Note:  NAVs are diluted, where appropriate.

END

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