RNS No 7974e
FRENCH PROPERTY TRUST PLC              
28th January 1999


Date:  NAV as at close of business on 27/01/99

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                   125.97
       
Note:  NAVs are diluted, where appropriate.


END

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