RNS Number:6427U
Collective Assets Trust PLC
26 January 2004


NAV as at close of business on 23/01/04

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

                                                              (Pence per share)

Collective Assets Trust                                             145.57

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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