RNS No 3450b
FRENCH PROPERTY TRUST PLC
19th January 1999


Date:  NAV's as at close of business on 18/01/99

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

French Property Trust                   125.84
       

Note:  NAVs are diluted, where appropriate.


END


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