RNS Number:7507U
Collective Assets Trust PLC
28 January 2004

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

Collective Assets Trust                                                   145.26

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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