RNS Number:6472K
Collective Assets Trust PLC
1 May 2003

                             
NAV's as at close of business on 30/04/03

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

                                                               (Pence per share)


Collective Assets Trust                                                  126.25


Note: NAVs are diluted, where appropriate.
                            

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