RNS No 7669a
FRENCH PROPERTY TRUST PLC
23rd October 1998


Date:  NAV as at close of business on 22/10/98

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

French Property Trust                   124.53

Note:  NAVs are diluted, where appropriate.

END

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