RNS Number:4950T
Collective Assets Trust PLC
19 December 2003


NAV as at close of business on 18/12/03

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

(Pence per share)


Collective Assets Trust                                                  143.27

Note: NAV is diluted, where appropriate.



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