RNS Number:8904O
Collective Assets Trust PLC
20 August 2003

NAV as at close of business on 19/08/03

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

                                                              (Pence per share)



Collective Assets Trust                                                 142.71


Note: NAVs are diluted, where appropriate.






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