RNS No 0990r
FRENCH PROPERTY TRUST PLC
13th January 1999


Date:  NAV's as at close of business on 12/01/99
Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                128.31

Note:  NAVs are diluted, where appropriate.
Please ensure that announcement includes date of valuation.

END


NAVEXFFFKFKZBKB


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