RNS No 4649f
FRENCH PROPERTY TRUST PLC             
21st January 1999

Date:  NAV's as at close of business on 20/01/99

Ivory + Sime Investment Trust announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                  125.75
       
Note:  NAVs are diluted, where appropriate.


END

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