RNS Number:6755T
Collective Assets Trust PLC
24 December 2003

NAV's as at close of business on 23/12/03

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

                                                             (Pence per share)
Collective Assets Trust                                                 144.3





Note: NAVs are diluted, where appropriate.





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