RNS No 6755w
FRENCH PROPERTY TRUST PLC
22nd October 1998


Date:  NAV as at close of business on 20/10/98

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

                                 (Pence per share)
French Property Trust                    125.10

Note:  NAVs are diluted, where appropriate.


END



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