RNS No 8446r
FRENCH PROPERTY TRUST PLC
2nd October 1998


Date:  NAV's as at close of business on 01/10/98

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

French Property Trust               121.97

Note: NAVs are diluted, where appropriate.

END

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