RNS No 0723n
FRENCH PROPERTY TRUST PLC                   
15th December 1998


Date:  NAV's as at close of business on 14/12/98

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

French Property Trust                   122.28
       
Note:  NAVs are diluted, where appropriate.


END


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