RNS No 8211x
FRENCH PROPERTY TRUST PLC
9th December 1998


Date:  NAV's as at close of business on 08/12/98
Ivory + Sime Investment Trusts announces the Net Asset Values for the
following Investment Trusts.
                                  (Pence per share)

French Property Trust              125.00


Note:  NAVs are diluted, where appropriate.

END

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