RNS Number:2974U
Ivory & Sime Optimum Inc Tst PLC
15 January 2004


NAV as at close of business on 14/01/04

ISIS Asset Management plc Investment Trusts announces the unaudited Net Asset
Value for the following Investment Trust.

                                                               (Pence per share)

Ivory + Sime Optimum Income Trust                                         21.16

Note: NAV is diluted, where appropriate.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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