RNS Number:2213T
Collective Assets Trust PLC
12 December 2003

NAV's as at close of business on 11/12/03

ISIS Asset Management plc Investment Trusts announces the unaudited Net Asset
Value for the following Investment Trust.
                                                               (Pence per share)

Collective Assets Trust                                                   141.86

Note: NAVs are diluted, where appropriate.



                      This information is provided by RNS
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