RNS No 5408q
FRENCH PROPERTY TRUST PLC
19th October 1998


Date:  NAV's as at close of business on 16/10/98

Ivory + Sime Investment Trust announces the Net Asset Value for the
following Investment Trusts.
                                 (Pence per share)
French Property Trust                   124.41
       

Note:  NAVs are diluted, where appropriate.


END

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