RNS No 1630f
FRENCH PROPERTY TRUST PLC
3rd August 1998


NAV's as at close of business on 31/07/98

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

                                 (Pence per share)
French Property Trust                   131.81

Note:  NAVs are diluted, where appropriate.

END


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