RNS No 7764d
FRAMLINGTON INVESTMENT TRUSTS
1st July 1997

The following Net Asset Values (NAVs) are released by Framlington Investment
Management Limited as at 27 June 1997:


Company       Share                                  NAV per share
                                                     pence
              
Framlington Income & Capital Trust PLC              
       Capital (AITC) basis                          183.49
              
       Income                                        31.20
              
Framlington Dual Trust PLC              
       Capital                                       185.88
              
       Income                                        34.62
              
       Zero Dividend                                 124.31
              
Framlington 1000 Smallest Companies Trust PLC              
       Ordinary - undiluted - warrants unexercised   174.32
              
       Ordinary - diluted - warrants exercised       167.48




END