RNS No 9296a
FRENCH PROPERTY TRUST PLC             
28th July 1998


Date:  NAV's as at close of business on 27/07/98

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trusts.

                                 (Pence per share)
French Property Trust                   129.54

Note:  NAVs are diluted, where appropriate.


END

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