RNS Number:8788K
Collective Assets Trust PLC
8 May 2003

NAV's as at close of business on 07/05/03

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

                                                              (Pence per share)

Collective Assets Trust                                                127.75


Note: NAVs are diluted, where appropriate.



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

END

NAVQVLFBXEBLBBB