RNS No 2332e
FRENCH PROPERTY TRUST PLC                  
13th July 1998

Date:  NAV's as at close of business on 10/07/98

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                127.84

Note:  NAVs are diluted, where appropriate.

END

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