RNS Number:0020O
Collective Assets Trust PLC
25 July 2003

NAV as at close of business on 24/7/03

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

                                                             (Pence per share)

Collective Assets Trust                                      134.78

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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