RNS No 9180b
FRENCH PROPERTY TRUST PLC                                         
8th January 1999

Date:  NAV's as at close of business on 07/01/99

Ivory + Sime Investment Trusts announces the Net Asset Value for the
following Investment Trust.
                                 (Pence per share)
French Property Trust                   128.28

Note:  NAVs are diluted, where appropriate.

END

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