RNS Number:1261Z
Personal Assets Trust PLC
25 July 2002



NAV as at close of business on 24/07/02

Friends Ivory & Sime Investment Trusts announces the unaudited Net Asset Value
for the following Investment Trust.

                                                          (Pence per share)

Personal Assets Trust                                        18003.18

Note: NAV is diluted, where appropriate.




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