RNS Number:3180T
Collective Assets Trust PLC
16 December 2003


Date of Announcement: 16/12/03 - NAV's as at close of business on 15/12/03

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

                                                               (Pence per share)


Collective Assets Trust                                                   142.12

Note: NAVs are diluted, where appropriate.

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

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