RNS No 3560r
FRENCH PROPERTY TRUST PLC
15th July 1998


Date:  NAV as at close of business on 14/07/98

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


French Property Trust                  128.95


Note:  NAVs are diluted, where appropriate.


END

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