RNS No 4543n
FRENCH PROPERTY TRUST PLC
16th October 1998


Date:  NAV's as at close of business on 15/10/98

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

                                 (Pence per share)
French Property Trust                    122.08
       
Note:  NAVs are diluted, where appropriate.
Please ensure that announcement includes date of valuation.


END



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