RNS No 7427e
FRENCH PROPERTY TRUST PLC
27th January 1999


Date:  NAV's as at close of business on 26/01/99

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

French Property Trust                   125.70
       

Note:  NAVs are diluted, where appropriate.

END


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