RNS No 4132p
FRENCH PROPERTY TRUST PLC
22nd December 1998


Date:  NAVs as at close of business on 21/12/98

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

French Property Trust               123.04

Note:  NAVs are diluted, where appropriate.


END

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