RNS No 5546u
FRENCH PROPERTY TRUST PLC
3rd December 1998


Date:  NAV's as at close of business on 02/12/98

Ivory + Sime Investment Trusts announces the Net Asset Values for the
following Investment Trusts.
                                 (Pence per share)
French Property Trust                    127.70
Note:  NAVs are diluted, where appropriate.

END



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