RNS No 1509r
FRENCH PROPERTY TRUST PLC
4th February 1999


Date:  NAV's as at close of business on 03/02/99

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

French Property Trust                    124.03

Note:  NAVs are diluted, where appropriate.


END


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