RNS Number:3815T
Collective Assets Trust PLC
17 December 2003


NAV as at close of business on 16/12/03


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

                                                               (Pence per share)


Collective Assets Trust                                                   141.74


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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