RNS No 5661j
FRENCH PROPERTY TRUST PLC
29th December 1998


Date:  NAV as at close of business on 24/12/98

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

                              (Pence per share)
French Property Trust              124.36
       
Note:  NAVs are diluted, where appropriate.

END

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