RNS No 8102j
IVORY & SIME INVESTMENT TRUSTS
1st July 1997


Date:  NAV's as at close of business on 30/06/97

Ivory + Sime Investment Trusts announces the Net Asset
Values for the following Investment Trusts.

                         (Pence per share)
British Assets Trust           130.6
European Assets Trust          468.6
I+S UK Smaller Co Trust        176.2
British Empire Securities      133.3
French Property Trust           86.9
Personal Assets Trust       13,870.1
Ivory + Sime ISIS Trust        190.2
I+S UK Discovery               129.2
AiM Trust                      109.3
Pacific Assets Trust           118.8
Continental Assets Trust       287.4
Optimum Income Trust           104.5
Investors Capital Trust        183.3


Note:  NAVs are diluted, where
appropriate.

END